The result, announced on the 30th October 2015, follows in depth interviews, surveys and workshops with town centre businesses to develop the BID proposal and business plan which went to the month-long ballot during which town centre businesses were asked to vote on whether to continue as a Business Improvement District (BID) from 2016.
69% of votes cast voted in favour of the BID by total number of businesses, and 62% of votes cast voted in favour of the BID by Rateable Value.
Following the yes vote the town centre’s new Business Improvement District will commence on 1st January 2016. Businesses will pay an annual levy and this collective pot of around £1.5million will be ring fenced and invested in the town centre over the next five years.
The new BID will focus on three areas, each prioritised by town centre businesses during the extensive consultation leading up to the ballot. These are:
· To build on the assets of Northampton town centre as a destination and as a place and develop an identity which sets it apart from other towns and cities.
· To increase the awareness of all the different parts of the town centre and encourage people to explore and discover all that Northampton town centre has to offer.
· To encourage growth, development and investment of businesses which complement and build on the strengths of Northampton town centre.
Planned activities and Christmas promotions will continue apace over the next couple of months, as the BID’s first term draws to a close.
The new BID’s vision, laid out in the new business plan, is: ‘To develop the town centre into a quality destination with a clear identity, which provides opportunities for good quality retail niches, specialists and independents, which respects and nurtures its professional services, celebrates its attractive, diverse leisure and cultural offer, builds upon the town centre’s heritage and looks to the future.’
Please view the Proposal and Business Plan below or for a hard copy contact a member of the BID office team on 01604 837766 or email email@example.com.