Since the Spring Update event, things have been busy on-site. We are pleased to share the latest developments in the ongoing restoration of 2-4 Market Place, Caistor. The project continues to make significant strides, uncovering both challenges and opportunities as we work to rejuvenate these historic buildings.
Construction progress
- Strip-out and demolition: The initial phase of strip-out and demolition is largely complete, revealing areas requiring additional attention.
- Granary building at No. 13 High Street: The roof’s poor condition necessitates the replacement of roof trusses and supports. Additionally, the rear wall requires extra support and remedial work to ensure structural integrity.
- No. 9 Market Place: An unexpected void was discovered beneath the building, prompting further assessment and necessary remedial actions.
- Shopfronts: Despite delays, the first shopfronts were delivered at the end of March 2025. Off-site construction by joiners is progressing, with installation set to commence within the next two weeks. Temporary steel supports have been installed to maintain structural integrity due to the poor condition of existing shopfronts.
- Rendering and windows: The rendering and installation of replacement windows on the upper floors of No. 2 Market Place are underway, enhancing the building’s façade.
- Internal works: Ground floor internal works are advancing well. Internal walls defining the shop units at No. 2 and No. 4 Market Place, as well as the middle unit at No. 3, are now in place, providing a clearer sense of the future layout.
- Structural steels: The majority of steel installations are complete, providing essential structural support throughout the buildings.
- Tiling delays: Completion of tiling at No. 2 and No. 4 has been delayed, with an expected completion now set for April 2025.
Community engagement
A well-attended public meeting was held at Caistor Town Hall on March 12th, where we discussed project progress, challenges, and financial considerations.
Financial overview
The project has encountered increased costs, leading to funding uplifts being requested from our funders:
- Phase 1a: Completion of the Market Place shops, site waterproofing, and structural works, including installing services for the entire site. Total cost: £3,544,253 (Repair and conservation work: £2,901,628). Uplift requested: £457,294.
- Phase 1a+1b: Includes Phase 1a plus the addition of a community room and holiday let at the front of the site. Total cost: £4,320,923 (Repair and conservation work: £3,599,722). Uplift requested: £1,233,964.
- Phase 1a+1b+2: Full project completion. Total cost: £5,910,735 (Repair and conservation work: £5,158,524). Uplift requested: £2,823,776.
Fundraising initiatives
To support these financial needs, the Trust is engaging in further fundraising activities, including:
- Community shares: A second community share offering will launch after Easter 2025, with an initial target of £25,000. This offers both new and existing shareholders an opportunity to invest in the project’s future.
- Grant applications: With support from West Lindsey District Council, we are applying for a share of the UK Shared Prosperity Fund allocated to our area.
We remain committed to preserving and revitalising 2-4 Market Place as a cornerstone of our community. Your continued support and involvement are invaluable as we navigate these challenges and work towards a vibrant future for Caistor.