Does Glos Rd need a new BID?
HIGH streets are under massive pressure from the internet, supermarkets, out-of-town retailing, and the economy.
A Business Improvement District, of which about 300 exist across the UK, enables local businesses to work together to improve the trading environment in a proactive, micro-local collective manner and plan ways to overcome these pressures.
With the current Business Improvement District coming to the end of its five year term in spring 2019, GRBID Ltd has put forward a New BID Business Plan & Proposal 2019 – 2024. A new GRBID would comprise about 250 businesses, working together to continue seeking opportunities to improve the trading prospect in the defined area. The ballot opens this month with the result announced in March.
Some businesses agree that past projects funded by GRBID Ltd have brought the local commercial setting and community together, to make the area an attractive choice to shop, work or open a new business in of which many have. Funding comes from a levy which is charged to all eligible businesses in the defined GRBID area – which in the New BID proposal has been reduced to 1.5 per cent of traders’ rateable value. The current BID has funded:
• Christmas lights, events
• Street cleaning (removal of graffiti, fly posting)
• Membership of Visit Bristol
A widely distributed local map.
Supporters say that without a BID it would be highly unlikely these valued initiatives could continue.
D. Adey, of Flo-Jo Fabrics Gloucester Road, said: “The council won’t pay for Christmas lights, advertising or maps. The BID seems like the fairest way to do things for everyone. Running a BID takes a lot of energy - so with a new BID and a manager we sincerely hope these benefits continue.”
So with March fast approaching which way will local traders decide?