The benefits other BID areas have seen are:
Businesses
- Increases in footfall
- Increases in consumer spend
- Reduced costs (joint activities, e.g. promotions, collective purchasing of utilities)
- Improves skills development and training with local schools for tomorrow’s workforce
- Gives businesses a collective local voice and promotes closer links with the local authority
- Creates a more appealing environment for the businesses and their employees
- Fair system, everyone invests, everyone benefits
- Increases an area’s desirability and attracts occupiers
Community
- Produces economic well being and sustainable economic growth in the area
- Attracts inward investment
- Produces social well being/improves quality of life
- Enhances natural and built assets and supports the sustainability of the town
- Creates a positive sense of place and enhanced feeling of safety and well-being
- Civic and community pride