High street misses out on £550,000 as firms re­ject busi­ness dis­trict

Birmingham Post - - NEWS -

AN at­tempt to se­cure £550,000 of ad­di­tional fund­ing for the Strat­ford Road cor­ri­dor has been lost after the pro­posed Shirley Busi­ness Im­prove­ment Dis­trict (BID) was re­jected.

Busi­nesses took part in a vote for the Shirley BID, which ac­tu­ally re­vealed more votes in favour of the idea – but tak­ing into ac­count the ag­gre­gated rate­able value of the votes, it meant the bal­lot was lost.

For the BID to be im­ple­mented a ma­jor­ity of busi­nesses were needed to vote in favour by both their num­ber and ag­gre­gate rate­able value.

Shirley BID was de­signed to cre­ate a vi­brant town cen­tre to in­crease visi­tor num­bers and help busi­nesses flour­ish through­out its five-year term and be­yond.

Its vi­sion was to en­sure vis­i­tors are mo­ti­vated to stay for longer, spend more and re­turn.

If the bal­lot had been suc­cess­ful it would have gen­er­ated £550,000 of funds over five years to in­vest in a pro­gramme of visi­tor events and street mar­kets, em­ploy a war­den, and work with part­ners to de­liver im­proved visi­tor wifi.

The BID would have cam­paigned for im­prove­ments to car park fa­cil­i­ties and the in­tro­duc­tion of park­ing me­ters where re­quired.

Other pri­or­i­ties were for in­vest­ment to im­prove Christ­mas lights dis­plays, pro­mo­tional cam­paigns to high­light in­de­pen­dent busi­nesses and im­proved street paving.

Vic­to­ria Hicks of Wadsworths So­lic­i­tors said: “Un­for­tu­nately our worst fears have been con­firmed and we have lost the vote to cre­ate a BID on rate­able value. Whilst we’re un­der­stand­ably sad­dened that the ma­jor­ity of busi­nesses of Shirley who were wise enough to recog­nise the ben­e­fits of join­ing to­gether for a brighter fu­ture have been over­ruled, we’re so proud of the whole BID team.”

Newspapers in English

Newspapers from UK

© PressReader. All rights reserved.