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Market Makes a Medieval New Town



King Stephen visited and stayed at the monastery in 1143, granting a market charter. This allowed Abbot Martin de Bec to create a new market area to the west of the monastic precincts. He was then able to bankroll the building of the new monastic church. The monks created new commercial streets around the outside, leading to the first ‘new town’ development in Peterborough and effectively the street plan which still exists as the city centre today. The market square was later infilled with St John's church and the Guildhall or Buttercross. This almost halved the market square, but provided a religious centre for the townspeople.