A BID for Success

Business Improvement Districts (BIDs) are becoming an increasingly popular way for businesses to take a lead and generate sustainable funding to improve their local trading environments.

Since 2004, over 200 BIDs have been approved in England and Wales, making an important contribution to the health of many town centers and to the bottom line for businesses.

Funded through a small levy alongside business rates, BIDs deliver changes and improvements identified collectively by businesses in the area. A wide range of activities have been funded through BIDs across the UK – from increased street cleansing, parking schemes, promotions and events to group buying initiatives, skills development and training.

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Shrewsbury has a great example of a well-managed BID which is successfully operating for the benefit of local businesses. Shrewsbury’s BID was approved in 2014 and over the five-year term of the plan, £1.6 million will be invested to improve the town’s commercial environment.

Shrewsbury BID have extended an invite to Denbighshire based businesses, offering an opportunity to meet with staff and local businesses involved in the BID and learn from their experiences of establishing the BID, how it operates and what has been delivered locally

Over the next couple of years Denbighshire County Council’s Economic & Business Development Team will be offering support to local business communities who would like to find out about and develop BID proposals for their towns.

Would you like to join us?

Join us and other businesses for the visit to Shrewsbury on Tuesday 24th May 2016 (lunch included).  To book a space please contact the Economic & Business Development Team on (01824) 706896 or email nicola.caie@denbighshire.gov.uk.

For more information on what BIDs are and how they could operate in Denbighshire towns please visit:

www.gov.uk/guidance/business-improvement-districts

 

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