West Lindsey District Council is excited to announce the launch of three new business units that are now available to let through its property agent, Eddisons.
The flexible units are part of the new Savoy Cinema Market Place development in Gainsborough and will be available from June 2025. The announcement represents a key milestone in the ongoing transformation of Gainsborough’s town centre.
Anchored by the state-of-the-art four-screen Savoy Cinema, this development is set to become the heart of Gainsborough’s independent retail and leisure offering, enhancing footfall and boosting local economic growth.
Commenting on the development, Cllr Trevor Young, Leader of West Lindsey District Council, said:
“This is an exciting time for Gainsborough as we continue to see the results of our ambitious regeneration plans. The Savoy Cinema development, along with these new units is just the start of a brighter future for our town. We hear from our communities that they want to see more high quality and independent retailers in town, and we’re hoping the units as part of this development can attract a new retail offering.”
Key details of the available units
Unit A
- 132 sq.m. (1,420 sq.ft.)
- Ideal for retail or food and beverage, fronting the new pedestrian linkage.
Unit B
- 174 sq.m. (1,873 sq.ft)
- Ideal for retail or food and beverage
- Features market-facing frontage and an adjacent entrance leading to the cinema and Marshall's Yard.
Both units A and B benefit from a rear service yard.
Unit C
- 519 sq.m. (5,586 sq.ft.) across three floors
- Includes ground-floor seating for 100 covers and an upper-level events space, perfect for a restaurant or entertainment venue.
Sally Grindrod-Smith, Director of Planning, Regeneration, and Communities at the council said:
“These new units represent a significant opportunity for businesses to be part of Gainsborough’s transformation. We are creating a dynamic and thriving town centre, particularly suited to high quality independent businesses. Sitting alongside our traditional retail units which are benefitting from investment through our programme, these new units will add to the draw visitors from across the region and are the perfect location for operators looking to capitalise on the town’s growth.”
The Savoy Cinema development is part of an £18 million investment in Gainsborough’s town centre, which has already delivered upgraded public spaces and vibrant retail areas.
Local construction company the Gelder Group is currently building the sate-of-the-art complex in the Market Place, which has been funded through contributions from the council, the Greater Lincolnshire Local Enterprise Partnership (GLLEP), the governments Levelling Up Fund and Savoy Cinemas.
Tim Bradford, Director, Eddisons said:
“The Savoy Cinema Market Place development is set to be a key retail & leisure destination in attracting local and wider regional footfall to Gainsborough’s town centre. The available units offer operators the opportunity to be at the heart of this significant regeneration project and benefit from the presence of a high-profile cinema as the development’s anchor tenant.”
Gainsborough’s population is projected to grow from 21,000 to 30,000 by 2036, fuelled by key developments such as:
- Housing Expansion: High quality, sustainable urban extensions being delivered by national and regional housebuilders.
- Strategic Investments: Gainsborough’s location offers proximity to heart of the UK Food Valley, the regions defence and security sector, the Humber Freeport, two international airports, and with direct rail links into Nottinghamshire and Yorkshire.
- Major Economic Growth: Gainsborough is on the doorstep of the multi-billion pound STEP Fusion development creating a pipeline of long-term, highly skilled jobs.
Businesses interested in leasing opportunities for the three units can find out more by visiting the Gainsborough Market Place website or contacting:
Jasper Nilsson
Commercial Property Advisor – Eddisons
07929 105395/01522 544515
jasper.nilsson@eddisons.com
A timelapse of the construction is available to watch by visiting the Invest Gainsborough website.