A popular market in North Yorkshire could be handed over to the town council in an example of ‘double devolution’ if accepted.

The historic Knaresborough market operates under a Royal Charter granted by Kind Edward II in 1310, and runs every Wednesday.

If plans are approved, the running of the market would be handed to the town council and would be the first example of ‘double devolution’.

Executive member for highways and transportation, Cllr Malcolm Taylor, whose responsibilities include charter markets, said: “This proposal, if accepted, would mark a significant milestone in the history of North Yorkshire Council and our commitment to bring democracy closer to the people.

“By allowing the town council to take over the responsibility for this market we are enabling decisions that will benefit stallholders and residents to be taken at a local level.”

In the business case submitted to the authority, the council hopes to build on the markets historic significance by making it a place that brings community together.

It also states they want to help link the educational and voluntary sectors by giving platforms to entrepreneurs.

‘Double devolution’ means that the town council would be responsible for all costs operating the market and will receive the income, with no ongoing costs for the local authority.

Knaresborough Town Council plans that this will continue the running of a historic and loved community market.

As part of the deal, they look to invest in an e-booking system for stall bookings, continue the stall set up service through an appointed contractor and arrange the formation of a markets committee.

The clerk to Knaresborough Town Council, Angela Pulman, said: “Knaresborough Town Council is hopeful for a favourable decision at the meeting of North Yorkshire Council’s executive regarding the transfer of the market. 

“The town council is eager to begin working closely with North Yorkshire Council throughout the transfer process and is committed to ensuring a smooth and successful transition.

“Recognising the market’s significance to the town’s heritage and community identity, the town council is dedicated to preserving its longstanding role while striving to enhance its future.”

The plans for the weekly market are set to go before the council’s executive on Tuesday 21 October.