Gloucester Business Improvement District proposals given thumbs up by businesses

Businesses in the City Centre, Docks and Quays have overwhelmingly approved proposals for a Business Improvement District for Gloucester in a ballot which closed on 29th June. During June, all eligible business ratepayers in the Gloucester Business Improvement District (BID) area were balloted, with 85.8% of those voting saying ‘yes’ to the proposals (and a vote in favour of 87.7% of the total rateable value of votes cast) in a legal ballot organised by Gloucester City Council on behalf of Gloucester BID.  A Business Improvement District levies a small additional charge on eligible businesses, creating a fund to be used on priorities agreed by businesses.

Gloucester BID has drawn up a comprehensive plan to improve the City Centre, Docks and Quays area. The BID Company will deliver an ambitious programme of improvements that will help make Gloucester a safe, attractive place to do business, shop, visit, study and invest. Building on investment to date in the regeneration of the City, the five-year programme will include measures to improve safety and security, improve the cleanliness and attractiveness of the City and increase marketing of the City and expand the events programme. The BID will also support businesses in the BID area to make cost savings through group purchasing of services, improving their profitability and creating jobs, and act as the ‘voice’ for those businesses to work with the City Council and public authorities to drive forward the regeneration of the City.  The development of the BID was supported by the team at Marketing Gloucester.

Nick Brookes, Chairman of Gloucester BID commented:

As a business owner in Gloucester I am delighted by this amazing result which provides Gloucester BID a strong and clear mandate to deliver on behalf of the businesses in the BID area.  I am confident that the BID will have a huge positive impact on the city

The BID will be funded by a ‘levy’ on around 600 business rate payers in the area (those with rateable values over £10,000) that will provide around £2.3m of funding towards the programme over 5 years.

City Council Leader Councillor Paul James said, “I am delighted that the BID proposals have received overwhelming support from businesses.  The BID task group deserve congratulations for their hard work.  This project has been very much led by business, but with the City Council’s support.  I see the BID as being vital for the future of the city centre and the Council will work closely with the Bid Company as we bring forward our regeneration plans.”

 Jason Smith, CEO of Marketing Gloucester which has been leading on support of the Gloucester BID said

“Marketing Gloucester has the remit to support businesses and growth in Gloucester.  It has been inspiring to be engaging with nearly 600 businesses in the Gloucester BID area and hear the positive messages from them about the direction the city is going and their aspirations for improvements.  Without doubt he establishment of the Gloucester BID will make a real impact on the city over the next five years and the team at Marketing Gloucester feel very proud to have been able to support the businesses in the city in achieving their goal of establishing the Gloucester BID and producing such a resoundingly successful result”

 

ENDS

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