Bury St Edmunds’ Business Improvement District (BID) has outlined its plan for the next five years should its 424 members vote ‘yes’ in a ballot to keep it for another term.
Proposals for spending more than £2 million up to spring 2020 include launching a volunteer tourism ambassadors scheme, further developing events like the Whitsun Fayre, Food and Drink Festival and Christmas Lights Switch On, helping to improve Bury’s infrastructure and reducing costs for members in areas such as waste disposal.
Ourburystedmunds chief executive Mark Cordell told business owners of the BID’s achievements to date and his aims to make ‘Bury even better for business’ during a launch event at Cafe Del Mar, in St John’s Street, on Tuesday.
Of achieving the weekly ‘free from three’ scheme and preventing further annual price hikes in parking, he said: “Prior to 2012 we weren’t even consulted on parking. Now we’re an integral partner lobbying at the table on your behalf.”
He said his aims for the future, if the BID continued, included working for pay-on-exit car parking, a better configuration of market stalls and getting new businesses into the former Officers’ Club, Mothercare and YMCA shop units.
Find out about the BID ballot:
The BID renewal ballot opens November 5 and closes December 3.
All 424 businesses in the BID area with a rateable value of at least £10,000 are entitled to vote.
For the BID to continue, the majority of voters must vote ‘yes’ and they must represent more than half the total rateable value of businesses that vote.
If successful, the BID levy will be mandatory from April 1, 2015.
If not, the BID will cease to exist on March 31, 2015.