11 Oct Bracknell BID- don’t miss the 31st October deadline
A BID is a Business Improvement District. BIDs are part of the Government’s long-term strategy to encourage partnership working between a local authority and the business community. A BID is a defined area within which rate-paying businesses decide on new improvements to help transform their area – and then vote to agree the investment. This money is then ring-fenced to provide the improvements agreed through the BID strategy. BIDs can see better staff retention and improvements to business profitability which would not have happened otherwise. Essentially a BID is designed to be for the businesses, controlled by the businesses.
The plan outlines proposals for developing facilities and amenities in the area, creating a safer environment and allowing information to be shared across the area to prevent crime.
Nick Hardy from our Bracknell office is part of the BID steering group:
“Although Bracknell continues to be a popular business location with its strategic position, allowing rapid access to both the M4 and M3 corridors, there are areas where we can improve. A successful ‘Yes Vote’ in the coming BID ballot would be a big step towards our goal of becoming the best location for businesses in the Thames Valley. We can achieve so much more if we all work together.”
Ballot papers have now been sent out to all businesses’ rate paying address for properties in the Southern and Western areas which form the area for Bracknell BID. Information regarding the ballot has already been sent out with a copy of the BID prospectus. Businesses will have 28 days to return their ballot papers, which are due 5pm Thursday 31st October 2019.
To read more about Bracknell BID please visit www.bracknellbid.co.uk