RISK ASSESSMENT FORM

RISK ASSESSMENT DETAILS

RISK MATRIX & RATING

Directorate	Environment
Team	Parks and Grounds

	Title of risk assessment	Devolution of Knaresborough Market to KTC
Details of activity: To harmonise the operation of the seven outdoor markets managed by North Yorkshire Council and thereby ceasing the subsidised stall set up service provided to stall holders at Knaresborough and Ripon markets.
	Location of activity		Knaresborough marketplace
	Date of assessment		29 May 2025
	Name of person carrying out assessment		Jon Clubb, HoS Parks & Grounds
	Person carrying out assessment’s signature		Jon Clubb
	Name of employee(s) consulted on activity		Commercial Manager, Parks & Grounds Senior Accounting Technician, Finance Legal representative, Legal Services

POTENTIAL OUTCOME                                                               LIKELIHOOD

Catastrophic	Definite failure / highly significant costs	Highly likely	More likely to occur
Major	Possible failure / and major costs	Likely
Moderate	Likely issues or costs	Possible
Minor	Can cause issues or added costs	Unlikely
Insignificant	Minor impact	Remote	Less likely to occur

POTENTIAL OUTCOME

Catastrophic
Major
Moderate
Minor
Insignificant
	Remote	Unlikely	Possible	Likely	Highly Likely

LIKELIHOOD                                         

Risk rating		Action
	HIGH	Urgently review/add controls & monitor (if Likely or Highly Likely – stop work, seek competent advice)
	MEDIUM	Review/add controls (as far as reasonably practicable) & monitor
	LOW	Monitor control measures

Risk identified	Risk	Control Measures	Residual Risk [RAG]	Further Control Measures - if required
Risk of stall set up not being successfully transferred or operated by KTC.	Med	[Likelihood = unlikely, Outcome = moderate] Control: KTC have proposed to continue stall set up and have liaised with other markets and providers that have a similar operating model. NYC will work with KTC to support a smooth transition of this service.	Low	[Likelihood = remote, Outcome = moderate] Control: N/A
Environment of change may lead to some traders given notice, temporarily impacting income levels.	Med	[Likelihood = possible, Outcome = moderate] Control: Communicate with stall holders in partnership with KTC as soon as practicable once a firm decision has been made on devolution and set out next steps.	Low	[Likelihood = unlikely, Outcome = minor] Control: N/A
KTC business case assumes a generally higher level of income (£70k) than has been achieved in the past few years (ave £60k) – leading to financial pressure.	Med	[Likelihood = likely, Outcome = moderate] Control: KTC business case demonstrates financial robustness at lower income levels. Devolution enables greater flexibility to develop the market to best reflect needs of the local area.	Low	[Likelihood = possible, Outcome = minor] Control: Ongoing promotion of markets to encourage self-set traders.

SUMMARY INFORMATION

The key risks identified centre on the overall environment of change created by the two priorities of markets harmonisation whilst simultaneously negotiating what could potentially be the first significant devolution pilot to successfully conclude. High levels of partnership working with consistent messaging to stakeholders will be required to mitigate risks. The development of this devolution pilot has fostered a strong sense of collaboration and any lessons learned can be shared with other devolution work. It is noted that recent historical income levels are slightly below that initially anticipated by KTC. However, there is headroom within the financial forecasts to accommodate this even before the benefits of local devolution are felt.

Scheduled date of next review	Are there any changes to the activity since the last review?	Date of review
Post implementation review – Oct 26	TBA