North Lincolnshire Council is proposing to invest £5 million in Scunthorpe and Ashby Markets to provide an enhanced customer experience – the largest investment in the history of the markets.
This will bring the total investment in the town centre to around £50 million.
A recent inspection of the markets showed that major improvements are needed to bring them up to current day requirements, which would cost around £2 million.
Options are being considered for Scunthorpe Market, which includes relocating the market to a more prominent location in the town centre.
A newly reinvigorated street-style market is being proposed for Ashby Market that will take place across more days.
In addition to improving the existing markets, the council will be holding events, fairs and festivals that will bring something different to Ashby and Scunthorpe and support current traders and attract new shoppers into the town centres.
The plans for the markets form part of the wider £45 million regenerations plans for Scunthorpe town centre.
Councillor Rob Waltham, Deputy Leader of North Lincolnshire Council, said: “Our markets in North Lincolnshire are at the heart of our communities. We have been looking at a range of different options to modernise them and get more people buying local and supporting their local markets.
“We are 100% committed to investing in North Lincolnshire to ensure it is a place where people want to live, work, invest and play.”