Herefordshire Council and Hereford Football Club have successfully negotiated a new lease extension on Edgar Street for a minimum of 10 years at a date to be triggered in the future.
Discussions have been ongoing following the success of Hereford FC since its formation. Excellent home attendances have resulted in knock-on business benefits becoming evident right across the city, but especially noted in the Old Market Development.
The Council’s ‘Urban Village’ project should also see redevelopment in Blackfriars Street, and should this be extended to include the demolition of the Blackfriars Enclosure at Edgar Street, a new stand and retail facilities would see the ground revert to a four-sided stadium.
This extended lease, when eventually triggered, will enable Hereford FC to commence work on longer-term capital projects within the ground, and secure additional funding opportunities, some of which only become available once a minimum lease of 10 years is in situ.
Speaking today, Hereford FC’s CEO Ken Kinnersley said: “It is quite apparent that the council recognises the work of many local people who volunteer at the club and also the financial investment in stadium renovation since April 2015. A longer lease time will justify further investment to fund improvements, allow time for a return on the investment and ensure we are eligible to apply for grant funding that may be available for future projects.”
Councillor Harry Bramer, cabinet member for contracts and assets said: “Hereford FC continue to make a great contribution to the city and its supporters. Many local traders benefit from increased trade on match days and the football club is an employer and a contributor to the local economy. The stadium is within the area designated for regeneration as part of the Urban Village redevelopment project. Herefordshire Council are seeking a development partner and it is to be hoped this will include some improved facilities for Hereford FC.”