It follows a community campaign backed by Stroud Town Council to safeguard the market’s future.
Stroud District Council’s strategy and resources committee voted to extend the licence of market operator Made in Stroud Ltd.
Town mayor Amanda Moriarty says she is delighted that the district council listened to the overwhelming support for the market’s current operator.
There was a public outcry in December when the district council revealed plans to invite new bidders to run the market in the Cornhill.
Following petitions and campaigns including several national chefs extolling the importance of the market, the district council agreed to launch a public consultation.
In February, the district council announced it would launch a consultation with the public, Chamber of Trade, stallholders and other interested parties offering a number of options besides going out to tender.
“The town council, Stroud Chamber of Trade and stallholders overwhelmingly voted that the lease be given to the current operator,” said Councillor Moriarty. “This is the best market in the country and the licensee, Made in Stroud Ltd has built up the business from scratch over 15 years.
“One wonders why this process started in the first place and the precious time and money wasted. The market is in the mainstay of the shopping patterns of the town. It is highly successful. Why the sudden move to change it?”
The new licence from the district council will come with an increased costs and be subject to a number of new conditions. It was also agreed that the district’s head of asset management explores alternative models of operating the market in order for the council to consider how it wishes the market to be operated in the future.