Lunchtime Meeting - 12.45pm - Gary Ridgway Chair of Oswestry BID
Mon, Nov 14th 2016 at 12:30 pm - 2:00 pm
Stuart's speaker today will be Gary Ridgway Chair of Oswestry BID
In June 2016, Oswestry Chamber of Commerce revisited the possibility of bringing the benefits of a Business Improvement District (BID) to Oswestry.
WHAT IS A BID?
"Business Improvement Districts are business led partnerships which are created through a ballot process to deliver additional services to local businesses.
They can be a powerful tool for directly involving local businesses in local activities and allow the business community and local authorities to work together to improve the local trading environment."
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. Improvements may include, but are not limited to, extra safety/security, cleansing and environmental measures."
SOURCE: https://www.gov.uk/guidance/business-improvement-districts
Speaking in the summer, Oswestry Town Mayor said "I fully commit to support the investigation now underway for Oswestry to promote a Business Improvement District. The Town Council has facilitated this step and I was greatly encouraged just a couple of weeks ago when some of our business community came together and recognised the potential benefits and funding that could be accrued that could be maximised through partnership funding. This process has to be led by our business community but I pledge to work closely with them to see if a Business Improvement District is a viable option for Oswestry going forward."
FIND OUT MORE & GET INVOLVED
If you would like to find out and/or support the chamber in its work to explore how BID would work for Oswestry, then contact the Chamber.
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