[2] The new building was designed by Bellamy and Hardy in the Italianate style, built by Walter and Hensmen of Horncastle in red brick with stone dressings at a cost of £9,000, and was officially opened with a grand concert in December 1879.
[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.
[7] An extensive programme of refurbishment works, costing £12 million, was undertaken by Lindum Group on behalf of the Lincolnshire Co-operative to a design by Framework Architects and completed in January 2018.
[8][9] The project won the Heritage Category prize in the Greater Lincolnshire Construction & Property Awards in February 2018.
[10] Prince Richard, Duke of Gloucester visited the building to review the restoration work in July 2023.