BRIDGEND ESTABLISHES BID TO BOOST THE LOCAL ECONOMY

Welsh Labour’s Communities and Children Secretary, Carl Sargeant, has congratulated 348 businesses in Bridgend for working together to establish a Business Improvement District (BID).

The Welsh Labour Government has provided £203,000 to support the development of 10 BID proposals in Aberystwyth Pontypridd, Abergavenny, Pant & Merthyr Industrial Estates, Llanelli, Neath, Caernarfon, Bangor, and the Bay of Colwyn, in addition to Bridgend.

Business Improvement Districts (BIDs) bring together businesses and other stakeholders in a defined geographical area, so they can develop projects and activities which will help boost the local economy.

Each of the 348 businesses will pay a levy of 1.25% on their non-domestic rates, generating nearly half a million pounds over three years, to be used to:

  • make the town centre more attractive and accessible
  • improve parking and driving in the town centre
  • improve marketing to increase visitor numbers
  • reduce the number of vacant properties
  • enhance the town centre with environmental improvements, reduce anti-social behaviour and increase safety
  • strengthen the voice of business on issues that affect the town centre

Further information about the Welsh Labour Government’s BID programme can be found here


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