The Cheese Market Project began in 2008 when local people campaigned to save the derelict Town Hall.

They discovered a covenant stating that if the building were sold, it must be offered back to the original owners, Sir Joseph Bailey’s Glanusk Estate, at half the initial price – just £200! The Estate gave permission to restore the building and return it to public use.

The group, formalised as Hay Community Enterprise CIC, successfully applied to the Heritage Lottery Fund for a grant, which complemented local fundraising, a private donation and sales of mosaic pieces and frieze tiles. Hay Community Enterprise retains the building on a 99-year lease from Powys County Council. The Market Hall and holiday accommodation above are available to rent.