The lord of the manor, William Cecil, 3rd Marquess of Exeter, whose seat was at Burghley House, agreed to make the freehold interest in the site available to the directors of the new company on favourable terms.

[1] The building was designed by Charles Bell in the Italianate style, built by Robert Young of Lincoln in red brick with stone dressings at a cost of £2,000 and was officially opened on 13 October 1870.

[4] The use of the building as a corn exchange declined significantly in the wake of the Great Depression of British Agriculture in the late 19th century.

Following completion of the works, the leader of South Kesteven District Council, Councillor Marjorie Clark, officially re-opened the complex on 4 September 1991.

[9] A further major programme of refurbishment works, which involved the creation of a community access point at the rear of the building, was completed at a cost of £600,000 in 2013.