Council bosses have returned to the drawing board after a bid for £5m to renovate the city’s listed market canopies was unsuccessful.
Preston Council put in a bid to the Heritage Lottery Fund to restore its Victorian canopies.
Today the council said it is “considering its options” after news of the unsuccessful bid but says it “remains committed” to providing a market.
Coun Peter Rankin, Leader of Preston Council, said the Heritage Lottery Fund has been supportive and the authority wants to meet them to look at other options.
He said: “Whilst we are very disappointed, it is important that we weigh up our options and get feedback from the Heritage Lottery Fund as to why the bid was unsuccessful on this occasion.
“We will continue to liaise with the market traders and the public and we have to be realistic and accept that we may now need to explore alternative schemes which are within our available budgets.
“Whilst the news is disappointing, the Heritage Lottery Fund has been extremely supportive of Preston’s heritage assets and we want to meet with them to explore all future possibilities and options.’
“The market remains a hugely important asset in Preston and we will continue to work hard towards a viable solution to secure its future.”
Coun Drew Gale who represents the town centre ward said: “I am incredibly disappointed, but looking on the positive we have some funding for city centre redevelopment already and I believe we are exploring other options.”