Rochdale town centre businesses invited to launch of new BID proposal and business plan

Rochdale town centre businesses are invited to the launch of the new Business Improvement District (BID) proposal and business plan at Bombay Brew on Tuesday 12 September.

Over the last few months, businesses have shared thoughts, ideas and aims for the present and the future with Rochdale BID, ahead of the second five year BID term for Rochdale town centre.
 

 

Town centre businesses are invited for drinks, a buffet and an opportunity to network at Bombay Brew, 1 Drake Street, Rochdale, OL16 1RE from 5.30pm – 6.45pm on 12 September.

The new BID proposal and business plan will be launched at this event on 12 September, ready for the ballot in October/November.

If successful, the Rochdale BID will renew for a second term in April 2024. There are two criteria which have to be achieved for the vote to be successful: more than 50% of the number of businesses who vote have to say yes and more than 50% of the rateable value of the businesses who vote have to say yes.

Mark Foxley, chair of Rochdale BID, said: “Over the last five years, Rochdale Business Improvement District has delivered a successful programme of projects and events. The last three years have been extremely challenging for businesses with the pandemic and the cost of living crisis. Besides providing support today, we need to look to what can be achieved in the next five-year term of the BID.”

“The proposal, outlines plans to build on the achievements of the first term spread across four key areas: promotion, safety and access, attractiveness and the business, leisure and cultural offer. The BID has a key role to play in creating a town centre which is great for everyone” said Mark.

 

 

BIDs are considered to be the leading model of management and development of town and city centres, with over 300 currently operating across the United Kingdom and it is anticipated that Rochdale BID could generate a further £1.4 million over its next five-year period to promote and develop the vitality of the town centre, increasing footfall and vibrancy across the whole of the town centre.

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.

If you are a business and would like more information about the BID and would like to attend the event please contact Paul Ambrose by emailing paul@rochdalebid.co.uk, tel: 07811 278517 or go to www.rochdalebid.co.uk.