The Covent Garden Tenants Association (CGTA) has welcomed the statement by Defra in response to the review of the London Markets.
In contrast to the Corporation of London the association is pleased that the minister has upheld the recommendations of the report.
New Covent Garden could now have the opportunity to become a composite market in its own right subject to certain legislation. The government has suggested it would be keen to amend legislation to enable this to occur.
Phillip Emmanuel, chairman of the CGTA, said: 'The members of the executive have held discussions with the corporation, but under their present proposals we would not welcome them as landlords. Other parties including private investment and the Market Authority have begun to show interest and we would be pleased to discuss our future.' Now the future of the market is secured, the association is looking to make plans for the long-term benefit of the market.