Shrewsbury Business Improvement District

The Shrewsbury Business Improvement District (BID) proposal has received resounding backing from town centre businesses.

A BID aims to improve the trading environment of its area through additional projects and services that businesses wish to see delivered on their behalf.  A BID is democratically elected, and is led and funded by businesses and organisations within its boundary.

Ballot results released this week by the independent scrutineer, Electoral Reform Services, showed that 76% of all those who voted are in favour of the BID progressing.  For the BID to be successful, a ‘majority by rateable value’ was also required, and this was achieved with 83% voting in favour.

The first BID to be established in Shropshire, the Shrewsbury BID is expected to start in early 2014 and run for a five-year term.  It will be funded through a BID levy, which will be invested in the projects identified by businesses, which are set out in the Shrewsbury BID Business Plan.  Over the five years of the BID more than £1.6m will be generated to be spent in the BID area.

Priorities identified by businesses include marketing and promotion, access and car parking, business support and focussed management of the town.

Steve Charmley. Shropshire Council’s Cabinet member for business growth, said:

“This is a great result for Shrewsbury, and I’m really pleased that Shrewsbury town centre businesses have voted yes to the creation of a BID.  This project has been a superb example of public and private collaboration and partnership which will benefit Shrewsbury, and help to promote our county town regionally, nationally and internationally.”

For more information about the Shrewsbury BID go to: http://shrewsburybid.co.uk/ 

Section:

James Thompson James Thompson

Waste Prevention Officer, Waste Management, Shropshire Council

Read More from James Thompson