M&M Direct founder wants answers over ESG funding precedent

Hereford Times: Mark Ellis, co-founder of M&M Direct, is now a property developer Mark Ellis, co-founder of M&M Direct, is now a property developer

THE man behind one of the county’s biggest business success stories has asked Herefordshire Council for “retrospective funding” of a six-figure property deal – citing the council’s £500,000 for British Land as a precedent.

In an open letter to Herefordshire Council leader Councillor John Jarvis, Mark Ellis, cofounder of M&M Direct and now a property developer, said his locally-sourced shop conversion – that brought cookery and homeware chain Lakeland to Commercial Street, creating 20 jobs – cost £200,000 out of his own pocket with no grants or subsidies.

Lakeland, said Mr Ellis, was wanted by the former Edgar Street Grid (now Hereford Futures) for the Old Livestock Market causing “much indecision” over the move.

“I managed to secure them for the historic core of the city and they have been a huge boost to Commercial Street,” said Mr Ellis.

He said council cabinet approval of £500,000 for British Land to cover “changing market conditions” over the ESG deal sets a precedent.

“Can I apply for funding retrospectively for my scheme? After all it is done, delivered, created jobs and it is performing,” said Mr Ellis.

And if that funding isn’t forthcoming, Mr Ellis says the council could always front up a sum for a similar conversion he has planned in Hereford city centre.

Comments (9)

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4:33pm Wed 7 Nov 12

TwoWheelsGood says...

Full marks to Mr Ellis - this is how it should be done, not 10 years of endless meetings, broken promises and precious little to show for it - all this for 5 shops? So, if Lakeland has generated 20 jobs - great news - how will 5 stores create the much boasted 1000 jobs? Answer - it won't. The council, as well proven, lie.
Full marks to Mr Ellis - this is how it should be done, not 10 years of endless meetings, broken promises and precious little to show for it - all this for 5 shops? So, if Lakeland has generated 20 jobs - great news - how will 5 stores create the much boasted 1000 jobs? Answer - it won't. The council, as well proven, lie. TwoWheelsGood
  • Score: 0

11:40am Fri 9 Nov 12

ArmadilloSackRace says...

5 shops? Check out the Live Blog from today's scrutiny meeting:

"11:12am - Mr Bretherton tells the committee there are many more tenants than the named pre-lets"

http://www.herefordt
imes.com/news/100376
68.Live_blog__Herefo
rdshire_Council_s_sc
rutiny_committee_loo
ks_at___500_000_paym
ent_to_Stanhope/
5 shops? Check out the Live Blog from today's scrutiny meeting: "11:12am - Mr Bretherton tells the committee there are many more tenants than the named pre-lets" http://www.herefordt imes.com/news/100376 68.Live_blog__Herefo rdshire_Council_s_sc rutiny_committee_loo ks_at___500_000_paym ent_to_Stanhope/ ArmadilloSackRace
  • Score: 0

12:03pm Fri 9 Nov 12

Lukio says...

I challenge him to name them then! If it's true, just spill the beans and stop the speculation!
I challenge him to name them then! If it's true, just spill the beans and stop the speculation! Lukio
  • Score: 0

12:18pm Fri 9 Nov 12

Biomech says...

Exactly what I said last week, you bend over for one, the rest will want some. A slippery road that could destroy the entire project.

That said, more power to Mark Ellis, why shouldn't he have a payout - BL have and they haven't even done anything.
Exactly what I said last week, you bend over for one, the rest will want some. A slippery road that could destroy the entire project. That said, more power to Mark Ellis, why shouldn't he have a payout - BL have and they haven't even done anything. Biomech
  • Score: 0

1:13pm Fri 9 Nov 12

mizza21 says...

Christ on a bike!!
Why does British Land get such special treatment?
I might apply myself for a payment for my new shed.
That's my money they're spending. Money I have already been taxed on when I earned it.
Perhaps they've had consultancy from Bloody Silvio Berlusconi in how to run an organisation.
Christ on a bike!! Why does British Land get such special treatment? I might apply myself for a payment for my new shed. That's my money they're spending. Money I have already been taxed on when I earned it. Perhaps they've had consultancy from Bloody Silvio Berlusconi in how to run an organisation. mizza21
  • Score: 0

1:30pm Fri 9 Nov 12

littlewhitebull says...

Well done to Mark Ellis. He is right to ask questions of HC's decisions regarding the ESG. Whether he gets a reasonable answer to the questions he poses is very debatable.
Well done to Mark Ellis. He is right to ask questions of HC's decisions regarding the ESG. Whether he gets a reasonable answer to the questions he poses is very debatable. littlewhitebull
  • Score: 0

4:49pm Fri 9 Nov 12

Herefordian says...

My car is due for its annual MOT on Monday. Last year I had to have the bushes replaced in the front suspension, it's allready knocking again and I suspect they will need replacing again. This is all due to the state of this pot hole ridden city. I shall be sending a claim to Herefordsire Council should I need to have it repaired. All this because they have ignored the state of the roads in preference to wasting money in other areas. ESG....Stupid Here You Can Signs........what a load of morans
My car is due for its annual MOT on Monday. Last year I had to have the bushes replaced in the front suspension, it's allready knocking again and I suspect they will need replacing again. This is all due to the state of this pot hole ridden city. I shall be sending a claim to Herefordsire Council should I need to have it repaired. All this because they have ignored the state of the roads in preference to wasting money in other areas. ESG....Stupid Here You Can Signs........what a load of morans Herefordian
  • Score: 0

11:09am Sat 10 Nov 12

apdor says...

@Herefordian - Stop Driving in the pot holes then. !!
The HERE you can signs are to promote hereford and bring in prospective businesses and funding ... what brilliant ideas do you have to rejuvenate the county ?

@LUKIO - It would make it a lot easier on then if they named them then maybe people would cut them a break. The council know that by naming all the stores would make everything better for them however, we have no idea of the contracts and the clauses in them. The names may well be being withheld for commercial reasons, so a competitor doesn't jump in and set up first or maybe the deals are not 100% signed etc


I really dont know why every one has such a downer on the ESG. I for one am fed up at having to do to other cities to watch a movie or go shopping. Ok its going to cost a lot of money, however we are investing in the future of Hereford !!
@Herefordian - Stop Driving in the pot holes then. !! The HERE you can signs are to promote hereford and bring in prospective businesses and funding ... what brilliant ideas do you have to rejuvenate the county ? @LUKIO - It would make it a lot easier on then if they named them then maybe people would cut them a break. The council know that by naming all the stores would make everything better for them however, we have no idea of the contracts and the clauses in them. The names may well be being withheld for commercial reasons, so a competitor doesn't jump in and set up first or maybe the deals are not 100% signed etc I really dont know why every one has such a downer on the ESG. I for one am fed up at having to do to other cities to watch a movie or go shopping. Ok its going to cost a lot of money, however we are investing in the future of Hereford !! apdor
  • Score: 0

5:49pm Sat 10 Nov 12

bobby47 says...

But we ain't Apdor. We are destroying one area called High Town and investing in another area that has an unknown outcome.
Come on mate. I don't want to fall out but at least concede that we have a point here.
But we ain't Apdor. We are destroying one area called High Town and investing in another area that has an unknown outcome. Come on mate. I don't want to fall out but at least concede that we have a point here. bobby47
  • Score: 0

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