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.