Business owners in the covered markets are forming a company to help defend themselves from crippling rent hikes.
Triggered by a series of hefty rises from landlords In Shops, traders in Market Row and Granville Arcade, Brixton, are setting up a Community Interest Company (CIC) to put up a united front against the hikes.
Last year a community campaign to save Nour Cash and Carry succeeded in making In Shops back down from a proposed 22 per cent rise in the store’s rent.
Saja Shaheen, from Nour, said: “By starting a CIC we can provide strength in numbers.
“Individual traders do not want to be victimised. A lot will not speak up for fear of further rent rises.”
Read an open letter from traders here
Another step closer to selling off the land for new expensive yuppie flats.