Christchurch BID Steering Group is pleased to announce that the development phase of a Business Improvement District (BID) for Christchurch town centre is now well underway, with the BID ballot now planned for September. We feel this step forward for the town could have significant positive benefits for businesses and create a new way of providing support at a crucial time for the High Street.
A BID is a business-led and business-funded body formed to improve a specific commercial area, in this case Christchurch town centre. Most are governed by a board made up of businesses who represent the BID area, which means that businesses and organisations have a genuine voice and decide and direct what they want for the town.
The following are intended to answer a few common questions about the proposals, although please contact us if you have any further queries.
There are more than 300 BIDs already operating across the UK and the benefits which have been widely reported include:
A BID is funded by businesses voting to pay a small proportion of their business rateable value on a package of improvements and this money is then ring-fenced for use only in the BID area. A BID can only be formed following consultation and a ballot in which businesses vote on a Business Plan which they have developed.
Businesses in Christchurch have indicated that they would support a levy of 1.75% and any tenant of a managed centre who are subject to a service charge would pay a reduced rate of 1.3% to reflect the fact that their service charge covers some of the services which would be provided by the BID. It may also be worth pointing out that this means that 60% of all eligible businesses would pay less than a pound per day for the BID and very small businesses, with rateable values of less than £5,000 would not be liable to pay the BID levy.
Detailed consultation has resulted in a proposed BID area of approximately 270 businesses, which would generate approximately £130,000 per year, and which we would also expect to be supplemented by contributions from local businesses outside the town centre, as well as other funding sources. It is proposed that the BID would initially operate for 5 years, meaning that approximately £650,000 of improvements would be generated for the town..
Feedback has strongly suggested that the area covered by a BID should be within the area shown as follows…
After a year of delays, we are pleased to announce our provisional timeline:
Walkabouts, drafting our Business Plan and presentation at The Captain’s Club Hotel, 6pm, 23 June
Launch Party – come and hear what the BID can do for you
You’ll get your ballot papers
Cast your vote and have your say
THE RESULT WILL BE ANNOUNCED!
Detailed feedback has suggested that improvement plans for Christchurch should focus around the following four main themes:
Introduce a number of new and ongoing measures to improve the appearance of the town centre, so creating a much more attractive place to visit.
Ensure that new events & street entertainment are developed specifically for the town centre and that businesses benefit more from existing events.
Develop a compelling & co-ordinated strategy to take the marketing & promotion of the town to the next level.
Ensure that everything the BID does is designed to support and develop businesses in Christchurch and create a strong local business community.
Projects around these themes are have therefore been fully detailed and costed within the Business Plan, which businesses will be voting on during September.
Please click on any of the links below to download further information regarding the BID:
Update 1 – DECEMBER 2019
Consideration of a possible business improvement district for Christchurch