As members and followers may know, Lambeth council has been reassessing rents for its voluntary and community sector tenants, including our Trading Hut. Lambeth’s first proposals would have quickly put the Hut out of business. Rent would have far outstripped its income.
We’re pleased that Lambeth has revised its proposals, but the rent increase would still be significant. We will continue our discussions with Lambeth. We hope to achieve a new rental agreement which is fair and affordable.
Meanwhile, we’re reiterating our call to members: “Use it or lose it”. We need more members to use the Hut more of the time, to put it on a firm financial footing and secure its future.