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Well Street Market exceeds £80,000 target to relaunch - with its own brand of honey

PUBLISHED: 17:33 24 August 2016 | UPDATED: 10:23 25 August 2016

Chloe James, 14, singing 'Valerie' by Amy Winehouse at the launch of the crowdfunding campaign

Chloe James, 14, singing 'Valerie' by Amy Winehouse at the launch of the crowdfunding campaign

Archant

A crowd funding campaign has exceeded its target of £80,000 to transform Well Street Market into a “go to” destination.

The idea to regenerate the street comes from the Well Street Traders and Residents Association, who can now go ahead and set up a teenage market, student makers’ market and a live music stage for locals to book performance slots.

There will also be a community bee project to make “Well Street honey”, thanks to the £83,095 raised.

Jo Price, Westra chair, said: “It is truly amazing that we have finally reach that target.

“We are so grateful to local residents and businesses for all they have so generously given.”

The campaign, run through donations site Spacehive, lasted 16 weeks.

Donors included the Mayor of London’s office, which gave £20,000.

Earlier this year plans to relaunch the market – eight years after it shut – were unveiled by the council and Westra. But the cash means they can go the extra mile to spruce it up and ensure it is a success.

In April, shopkeepers accused the charity bosses who were their landlords of trying to “gentrify” the area. Several shops had shut or were on their knees thanks to rising rates.

But Hackney Joint Estate Charity, the business arm of Hackney Parochial Charities, told the Gazette it was “doing its best” to keep the shops in good condition and was not trying to force anyone out.

Well Street was the site of Jack Cohen’s T E Stockwell and Co stall, which evolved into international supermarket giant Tesco.

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