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The King’s Lynn Business Improvement District - PowerPoint PPT Presentation


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The King’s Lynn Business Improvement District. Introduction. Who we are What is a BID What’s Happened so Far Proposed Business Plan What Happens Next Q & A. Who are we ?. A Group of Business in King’s Lynn Keen to do more to improve the Town Working towards a Common Goal

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Presentation Transcript
slide1

The King’s Lynn

  • Business Improvement District
introduction
Introduction
  • Who we are
  • What is a BID
  • What’s Happened so Far
  • Proposed Business Plan
  • What Happens Next
  • Q & A
who are we
Who are we ?
  • A Group of Business in King’s Lynn
  • Keen to do more to improve the Town
  • Working towards a Common Goal
  • People like you !
what is a bid
What is a BID?
  • A Business Improvement District is defined by Legislation
  • Gives Businesses greater control
  • Enabled Businesses to raise their own money
  • An area defined by Businesses
  • Managed by Businesses
  • For the benefit of Businesses
  • Voted for by Businesses
what is a bid1
What is a BID?
  • A BID is an opportunity for everyone who runs a business in King’s Lynn town centre to make a positive contribution to the town…and to make more money.
  • Why else would we do it?
the story so far
The Story so far
  • Pre 2012 - lots of talk about BIDs
  • Apr 2012 - Steering Group of Local Business
  • May 12 – July 13 –Surveys/discussions etc
  • July 2013 – Draft Business Plan published
  • Nov 2013 - Business Plan finalised
  • Dec 2013 - Approval to proceed
  • Jan 2014 - Publicity and promotion
business plan
Business Plan
  • Aims, Objectives and Key Priority areas for Kings Lynn Businesses
  • Identifies the BID area
  • Identifies the costs and who would pay
  • Identified a series of projects
  • About the BID company and It’s responsibilities
  • Service Level Agreements – LA, Police +others
key issues
Key Issues
  • Changes to car parking arrangements within the Town Centre
  • Improve town centre PR
  • Stand up for businesses
  • Increase footfall into the town centre
  • Maintain and develop King’s Lynn as a tourist hub
  • Improve communications on town centre matters
key issues1
Key Issues
  • Create an environment to encourage a wider retail mix
  • Generate operational cost savings for town centre businesses
  • Enhance the visitor experience through a revitalised streetscape
  • Develop a strong collective voice to shape public and commercial policy, with a particular focus on the visitor experience in the town
aims objectives
Aims & Objectives

To create a vibrant town we can all be proud of, where businesses prosper, our communities thrive and for visitors, a destination of choice.

Improve Marketing, Promotion and Events within the Town

Improve Town Centre Access and Movement

Provide a Better Quality Place

Increase Profitability for our Members

Speak up for Businesses

projects
Projects

Improve Marketing, Promotion and Events within the Town

  • Comprehensive marketing plan
  • Town Centre loyalty card and shopping voucher scheme.
  • Regular Town Centre promotions, themed weeks and a ‘shop local’ scheme.
  • Develop car parking and local transport promotional activities
projects1
Projects

Improve Town Centre Access and Movement

  • Work with partners to improve parking provision in the area and the production of a parking guide and signage, including a ‘How to get to’ guide
  • Provide large town maps in key location such as the multi-storey car park, bus and train station and other key locations within the town.
projects2
Projects

Improving the Quality of the BID Area

  • Promote the area for inward investment, new office occupiers and retailers.
  • Working with the local authority to revitalise the markets within the town.
  • Work with partners to introduce family friendly facilities i.e. weekend shopper crèche
  • Investigate premises improvement grants
projects3
Projects

Increase Profitability for our Members

  • One Stop Shop’ assistance from the King’s Lynn BID team on any matters relating to trading
  • Provide water and energy audits for businesses
  • Introduce a town wide waste collection and recycling to reduce the costs
  • Identify opportunities to develop further radio link and CCTV monitoring across the town
projects4
Projects

Speak up for Businesses

  • Act as a voice between businesses and other key stakeholders within the town on key issues.
  • Lobby for additional funds; apply for funding and grants to invest in King’s Lynn BID area.
  • Representing business views on key projects within the BID area or on projects
  • Creation of a town centre newsletter for all businesses
who will pay
Who will Pay ?
  • All Businesses within the proposed BID area
  • The person responsible for the Business Rate
  • Exemption - Places of worship and non-retail charities (under 7.5k)
  • Government Legislation and Regulations govern the BID process. As such, if a majority YES vote has been achieved, the BID levy becomes payable by all defined ratepayers.
how much
How Much?
  • Businesses with a rateable value of £7,500 or less will pay £100 per annum
  • Business with a rateable value of over £7,500 will pay 1.5% of their rateable value.
  • Small Premises
  • Rateable Value £10,000
  • Annual BID Levy £150
  • Medium Premises
  • Rateable Value £25,000
  • Annual BID Levy £375
  • Large Premises
  • Rateable Value £100,000
  • Annual BID Levy £1,500
what next
What Next
  • Jan – April 14 – Promote Proposed BID
  • Feb 2014 – Formally Announce Ballot Date
  • March 14 - Issue Ballot Papers
  • Mar 2014 – Go to Vote
  • April 10th – Final Voting Date
slide21
Q & A

Questions and Answers