East London Themed Markets

Impact data and claims within this report are provided by the project creator and have not been independently verified by Spacehive.

East London Themed Markets

East London Themed Markets

The Souk and Bazaar Company By The Souk and Bazaar Company

We want to revive our ailing markets and help rejuvenate them by bringing themed market days, bringing the sounds, smell and taste of different regions of the world and in turn create local employment

Tower Hamlets Idea stage

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Our key objective with this project is to: - Help London emerge out of this covid-19 pandemic stronger, by supporting communities with employment and enterprise as many have lost jobs during the pandemic - Revive markets in East London by bringing themed market days that help and rejuvenate local economies and high streets - Themed markets that support BaME communities into employment/self-employment and enterprise - Support women to become market traders as they are underrepresented in market trading - Provide a e-commerce platform for the market traders to also be able to sell their products to a wider audience and continue trading even when markets are closed - Celebrate the diversity of London through these themed markets The themed markets will initially start in Tower Hamlets, then rolled out to Newham, Hackney, Waltham Forrest, Redbridge and hopefully beyond. Initially themed markets will be to recreate 'SOUKS', and 'BAZAARS' selling arts/crafts, clothing, food and other items.

What we'll deliver:

  • Hold 2 themed market days a month - One day Souk and other Bazaar
  • Set-up ecommerce website where traders can trade inbetween market days or when markets are closed
  • Support local residents into employment/self-employment and enterprise

Why it's a great idea:

Some of our much loved markets are struggling and in turn this is causing a decline in the local areas and the local economy. As a not for profit organisation and local residents, we want to help revive the local markets. Our proposals will being the following benefits: - Revive local markets creating local employment and enterprise - Help rejuvenate local areas by bringing a sense of pride and identity back - Help celebrate the diversity of London through these themed markets - Help BaME communities emerge from the impacts of covid stronger

Steps to get it done:

  • Market operating license signed
  • 15 Stall holders signed up
  • Launch of ecommerce website
  • First East London SOUK (Middle East/North African themed market Day) held
  • Fisrt East London BAZAAR (Asian themed market day) held

Location Tower Hamlets

About the space

Custom Location

Council

London Borough of Tower Hamlets

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How will the money be spent?Total £67,511

Ecommerce website - £15,000 (22%)
Special Pop-up marques x 25 - £11,250 (17%)
P/T Project coordinator and markets officer - £10,920 (16%)
Market support staff - £9,000 (13%)
Marketing/Publicity - £3,500 (5%)
Contingency - £3,000 (4%)
PA/Sound system - £2,500 (4%)
Market decor/signage/facilities - £2,500 (4%)
Foldable Tables x 30 - £2,000 (3%)
Foldable Chairs x 60 - £2,000 (3%)
Other - £5,841 (9%)

Costs Breakdown

This shows how money raised for the project will be spent. Before entering fundraising these costs will be confirmed by the project's Delivery Manager and verified by the verifier.

22%
Ecommerce website
£15,000
17%
Special Pop-up marques x 25
£11,250
16%
P/T Project coordinator and markets officer
£10,920
13%
Market support staff
£9,000
5%
Marketing/Publicity
£3,500
4%
Contingency
£3,000
4%
PA/Sound system
£2,500
4%
Market decor/signage/facilities
£2,500
3%
Foldable Tables x 30
£2,000
3%
Foldable Chairs x 60
£2,000
9%
Other Read More
£5,841
  • Spacehive fees
    £3,084
  • Transaction Fees
    £2,141
  • VAT
    £617

Total £67,511

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