[1] 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.

[4] It was converted for cinema use, under the branding of "The New Theatre", in 1922, and hosted performances the Ross Operatic and Dramatic Society,[5] before it was badly damaged by a fire in 1939.

[6] After the Second World War, the interior of the building was restored by Ross-on-Wye Town Council which converted part of the structure for use as its meeting place and offices.

[8][9] A structure at the rear of the main building, which had been used as a workshop and garage, was converted into a restaurant and wedding venue by the management of the King's Head Hotel in 2022.

[10][11] Notable works of art in the building include a portrait by an unknown artist of the local philanthropist, John Kyrle, sometimes referred to as The Man of Ross.