Council acquires historic Corn Exchange for redevelopment

West Northamptonshire Council has acquired the Corn Exchange in Northampton as part of plans to revitalise the town centre and transform the Greyfriars area.

The historic building, which has been vacant for over a decade, will soon be redeveloped as part of a broader initiative.

The 25-acre area is expected to evolve into a neighbourhood that combines the historic structure with modern features and is part of the Greyfriars master plan.

A collaboration with the English Cities Fund—a partnership involving Homes England, Legal & General, and Muse—will help progress the project.

WNC and ECF will refine the master plan, explore potential uses for the building, and investigate funding opportunities.

An updated master plan is set to be presented to the public and Council for feedback in the spring of next year.

After public consultation and Council approval, the project will move forward with necessary steps, such as planning, to implement the scheme.

Redevelopment of the Corn Exchange also aims to improve connectivity within Northampton.

The previously isolated Greyfriars area will connect to the town centre, creating a direct route between the newly transformed Market Square and the Greyfriars site.

Cllr Daniel Lister, cabinet member for local economy, culture and leisure at WNC, said: “The Corn Exchange has been a part of Northampton’s rich heritage, and we are thrilled to take ownership of this iconic building as part of our broader vision for Greyfriars. By restoring it to its roots as a place for entertainment, we are safeguarding its history while creating new opportunities for cultural and economic growth. This project is not just about redeveloping a site—it’s about reconnecting our community with its town centre, breathing new life into a cherished space, and building a future that is vibrant and inclusive for all.”