Businesses in Tamworth are being invited to find out more about how a Business Improvement District could benefit the area at a launch event being held in the town on November 1st.
Invitations have been sent to town centre, riverside and retail park businesses in and around the current proposed BID boundary. The event will provide an opportunity to learn more about the project and to discuss how businesses can get involved in developing the BID as a vehicle for making Tamworth a more attractive place to visit, shop and explore.
It will also provide an opportunity to meet members of the BID Tamworth Steering Group, which is made up of representatives of the Tamworth business community, covering a cross section of industries.
The launch event marks the beginning of the next phase of development in establishing a BID after an initial feasibility study, conducted through interviews with Tamworth businesses, revealed an appetite for a more joined up business community.
Chairman of the BID Tamworth Steering Group, Rob Holder, said: “I would encourage all businesses in the area to attend the launch event. We know there is a lot of work to do to get the BID Business Plan right and to make sure that it is going to benefit businesses from across the whole area. That is why need businesses from all sectors to get involved from the outset. That way we can identify the issues they see as barriers to their success and consider what a BID could do to address those concerns.”
Rob, who is manager of Tamworth’s John Lewis store, added: “As a result of the information gathered from the feasibility study, the Steering Group has already made some key decisions around the focus for the development of the BID proposal. It is really important to identify a role for the town and to build upon its strengths. Besides shopping, the town has the potential to be a hub for culture, using its heritage to develop its appeal to tourists.”
Rob also highlighted the fact that many perceived the river as a gap between the Ventura retail parks and the town centre, whereas the area around the river is actually a key leisure destination which includes the Snow Dome, the Football Club, the cinema, Namco Funscape and the Castle Grounds, where many events take place.
“We are very fortunate that Tamworth has the potential to be a really attractive place to appeal to people for all sorts of reasons. We just need to make sure those reasons are being exploited to their full potential,” he added.
Although Ventura retail parks have key retailers, businesses there say they have their own challenges with parking and access, as well as simply making people from further afield aware that the place exists.
The BID Tamworth Steering Group believes the timing of the BID is such that it will be well placed to work closely with different organisations including Tamworth Borough Council, the Police and large leisure operators, retailers and other investors to ensure that Tamworth businesses of all sizes and from all sectors can play a key role in not only identifying the future direction, but in developing and delivering projects which will contribute towards a vibrant and exciting Tamworth.
Anyone from a business interested in attending the launch event is asked to call 01332 419051 (pfbb UK) or email email@example.com.
Notes for Editors:
- BIDs are part of the government’s long-term strategy to encourage partnership working between a Local Authority and the business community.
- BIDs are an investment in the local trading environment through the provision of added value services
- BIDs are funded by local businesses through a levy on their rates bill, therefore all beneficiaries pay
- They see improvements to business profitability and turnover which would not have happened without a BID
- Businesses will identify the area and the issues and put together a proposal which should include delivery guarantees, performance indicators and management structure
- The plan voted for has a lifespan of 5 years and further proposals have to be reaffirmed through a further vote
- There are now over 230 BIDs across the country, which have an average of 70% of the businesses voting in favour
- 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
- pfbb UK are BID specialists based in Derby, appointed by the BID Tamworth Steering Group to support them in the development of the BID Proposal and Business Plan.
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