BIDs Feasibility Study Workshop

BIDs Feasibility Study Workshop

Last Wednesday, 23rd January, some 35 of us gathered to further understand what is meant by a “Business Improvement District” (BID) and the process we are following to decide if we would like one in Haslemere.

We are collating views and ideas about a BID via and online survey. Make your view heard in this online survey.

What is a BID?

A Business Improvement District is a defined area in which a levy is charged on all business rate payers in addition to the business rates bill. This levy is used to develop projects which will benefit businesses in the local area.

There is no limit on what projects or services can be provided through a Business Improvement District. The only requirement is that it should be something that is in addition to services provided by local authorities.

Typically a Business Improvement District is within a local authority boundary but in April 2013 government introduced Cross Boundary Business Improvement Districts enabling Business Improvement Districts to operate across local authority boundaries.

In the region of Waverley Borough Council we are looking at Business Improvement Districts in Haslemere, Cranleigh, Godalming and Farnham. The expectation is that there will be one common DID organisation to serve the potentially different priorities in the four towns.

What does a BID typically do?

There are in the order of 300 BIDs currently active across the UK. Each BID sets the priorities for its local area. Here are the typical sort of activities BIDs undertake and provide some ideas on  what we might do:

  • Marketing and promotion of the BID area. In  a shopping mall, the mall typically promotes its retailers – something missing from most high streets
  • Events – arranging and coordination. Events bring people into the town and help to keep it vibrant. We already have a fair number of events though-out the year in Haslemere, but could would more coordination and promotion help? Or more and different event?
  • Cleaning and maintenance. One of the “hygiene” issues we need to be good at is keeping our high streets clean and attractive.
  • Facilities and asset management
  • Safety and security. We’ve had a few burglaries over 2018, do we need to improve security?
  • Physical environment – could use more or better street furniture?
  • Business Support – There are opportunities for cost reduction through collective buying of waste, recycling, cleaning and utilities
  • Lobbying and advocacy
  • Car parking – a perennial thorny issue everywhere and not limited to Haslemere

How is a BID established?

Under Government legislation, a Business Improvement District can be set up by the local authority, a business rate payer or a person or company whose purpose is to develop the Business Improvement District area, or that has an interest in the land in the area.

In the borough of Waverley, the 4 Chambers of Commerce, Town Councils and the Borough Council are working through the process together to determine if a BID is supported by the business community.

In Autumn 2018 we jointly selected the Mosaic Partnership to conduct a feasibility study for us. Waverley Borough Council has covered the cost of this study.

How much do we have to spend and who pays?

Ahh .. the nitty gritty. A BID is funded through an uplift in business rates – typically between 1 and 2%. Provisional research from The Mosaic Partnership indicates there are 283 businesses in the potential BID district across Haslemere/ Weyhill with a combined rateable value of £6.1m.

We could potentially raise between £52,000 and £105,000 depending on the rates uplift.

The BID would be run by an independent body, but the contributions would be collected via Waverley Borough Council

Do we want a BID?

The process for deciding whether or not to set up a BID is via a ballot of business ratepayers.

A successful vote is one that has a simple majority both in votes cast and in rateable value of votes cast. Each business entitled to vote in a Business Improvement District ballot is allowed one vote in respect of each property occupied or (if unoccupied) owned by them in the geographical area of the Business Improvement District.

Once the Business Improvement District is in operation the levy is charged on all businesses within the Business Improvement District area (regardless of whether or how that business voted in the ballot).

Next steps?

The immediate next step is to complete an online survey prepared by the Mosaic Partnership. The survey should be primarily completed by those business in Haslemere town/ Weyhill Centres – not just retailers, but all business ratepayers. The survey responses will be compiled into Mosaic’s Feasibility Study Report. The report will separately identify the responses of each of the four towns.

Queries?

If you’ve got queries or questions please add you comments below

Review previous posts on this topic:

Initial consideration of a Business Improvement District 10 Mar 2018

BID  – next steps, 16 Apr 2018

 

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