Closing statements will be heard today in the appeal inquiry over Time Out’s plans to bring its Market concept to Spitalfields.

The global publisher has been waging a long-running battle with Tower Hamlets Council and the Sptalfields Society over its plans to open a market with 17 kitchens in a site on Commercial Street.

Following the conclusion of the inquiry the planning inspectorate will make a ruling within two to eight weeks.

Time Out Markets chief executive Didier Souillat told MCA he remained hopeful that the potentai benefits of the market would be recognised.

Souillat, who is speaking at the Mapic Food & Beverage conference in Milan this week, said: “Our message has always been that this will be good for the local area and good for London as a whole.

“We have always maintained that our markets are localised and will generate extra trade for neighbouring businesses. It’s also a platform for new chefs and can be a hub of creativity as well as bringing an old building to life.”

He added: “London has a lot of scope for futher food halls. If you look at New York, there are 30 and 10 more in the process so there’s great opportunity.”