Business Improvement Districts (BIDs)

Business Improvement Districts (BIDs)

 

Business Improvement Districts (BIDs) have been a prominent feature of the regeneration and development of discrete geographical areas in North America for many years. However, they have only emerged in the UK since 2004, but are now seen as a key initiative to facilitate the regeneration of declining town centres. BIDs are funded by a business levy which can only result from a democratic vote of businesses in an area based on a proposed programme of activities such as marketing, crime prevention, and physical improvement works. There are already more than one hundred and eighty BID areas in the UK as a whole, but with just two in Wales, Swansea and Merthyr Tydfil. Welsh Government wishes to encourage the development of further BIDs in Wales, see the following link: http://bit.ly/H6a7hB.

 

Seminars

 

In October 2013, CREW Regeneration Wales arranged for two seminars to take place in Wrexham and Swansea to promote the development of Business Improvement Districts in Wales. Both Seminars attracted an audience of over 90 people from private, public and third sector organisations in Wales.

 

The seminars consisted of five presentations from experienced professionals who have been involved in the development of BIDs throughout the UK. These presentations were then followed by a question and answer session.

 

The presentations can be downloaded here.

 

Property Owner Business Improvement Districts

 

CREW Regeneration Wales recently commissioned a report on the development of Property Owner Business Improvement Districts and determine the scope of adopting this, largely  North American phenomenon, in Wales.

 

The report can be downloaded below.

 

CREW Regeneration Wales has established a small towns network, and welcomes new members. To find out more, please click here.

 

Project photo courtesy of Visit Wales © Crown copyright (2013) Visit Wales

Attachments

BIDs English.pdf