Smithfield Traders Back New Market Plan
The City of London and Smithfield traders have agreed on a plan to move the market to a new location “within the M25” when the site closes.
The agreement comes after concerns that the historic Smithfield meat market and Billingsgate fish market would shut after the City of London Corporation voted to withdraw support for them.
The trader and City authorities have now agreed to find a “New Smithfield” market.
On Monday the Corporation and the Smithfield Market Tenants’ Association (SMTA) issued a joint statement pledging to create a new facility allowing the meat traders “to expand and modernise our businesses, as well as support the meat traders of the future”.
The statement said “the creation of a ‘New Smithfield’ will also ensure that the meat which passes through the current market site will continue to serve London and the South East”.
It said: “The timing of the construction of the new facility dovetails with the SMTA’s move from Smithfield in 2028/9, and there will therefore be minimal disruption to our supply chains during the transition period.
“For our part, the City Corporation will continue to work proactively with the SMTA to support a smooth transition.”
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