- Original Poster
- #1
Good morning,
Is anyone in a town that applied for a B.I.D. and if so, what was the overall feeling about it? Did it improve business in the area or was it felt it wasn't worth the trouble?
I have a retailer in my town who is very enthusiastic for us to apply for one, but I have also read some places did the process but then was underwhelmed by what was actually achieved.
(A Business Improvement District is "a business-led partnership which is created through a ballot process to deliver additional services to local businesses. It can be a powerful tool for directly involving local businesses in local activities and allow the business community and local authorities to work together to improve the local trading environment."
How they are paid for is a small percentage being added to the business rates, but that money is for spending locally not an actual increase in the business rate.
Is anyone in a town that applied for a B.I.D. and if so, what was the overall feeling about it? Did it improve business in the area or was it felt it wasn't worth the trouble?
I have a retailer in my town who is very enthusiastic for us to apply for one, but I have also read some places did the process but then was underwhelmed by what was actually achieved.
(A Business Improvement District is "a business-led partnership which is created through a ballot process to deliver additional services to local businesses. It can be a powerful tool for directly involving local businesses in local activities and allow the business community and local authorities to work together to improve the local trading environment."
How they are paid for is a small percentage being added to the business rates, but that money is for spending locally not an actual increase in the business rate.