Triodos Bank finances the entire organic food chain, from farm to fork
Brighton’s new market boosted with £1 million sustainable bank loan
25-06-2014 | Brighton’s ethical food scene is booming thanks to vital funding from the UK’s leading sustainable bank, Triodos Bank. It has announced a £1 million loan to Brighton Open Market, a modern day market promoting fresh, healthy food from local producers which opens on 19 July.
Brighton's Open Market will open its gates on July 19
The eagerly-awaited market secured a loan from Triodos Bank worth £1 million to pay for the lease of the market. Brighton Open Market consists of 45 permanent stalls, which will be filled with a wide range of produce including organic and local food producers, plus 12 art and craft workshops. It is part of a £20 million regeneration scheme which saw the original open market flattened and rebuilt to include 87 affordable homes, new public spaces, and the creation of a car and van club.
Victoria Williams, a director of the community interest company which runs the Brighton Open Market, comments: "We were very keen to secure financial support from an institution that would share our vision for the Open Market and Triodos Bank was able to give us that. They could see that the market was not just about creating a beautiful, thriving, purpose-built space to supply fresh, healthy and local produce to the local community but it was also about supporting the local economy by bringing together Brighton’s independent traders and sustainable food businesses to revitalise the London Road area of the city."
Mark Ogden, relationship manager for the Food, Farming and Trade Team at Triodos Bank, concludes: "I’m delighted to have helped Brighton Open Market CIC in the redevelopment of the historic market on London Road. The funding was part of a larger project which saw development of not only the market, but also social housing and commercial units operated by the Ethical Property Company.
The overall development benefited from proactive forward thinking support from Brighton and Hove Council which has helped to regenerate the area.
The open market traders were keen to make the market a centre for ethical trade and local food businesses which we were keen to support.