I support the Business Improvement District initiative because I believe it will improve economic performance of our local marketplace and help local businesses maximise their potential.
Paul DanielsCH1 Chester BID Board Chairman
ch1chesterbid.co.uk
WHAT IS A BID?A BID IS A BUSINESS-LED AND BUSINESS-FUNDED COMPANY, FORMED TO IMPROVE THE ECONOMIC PERFORMANCE OF A DEFINED COMMERCIAL AREA.
WHYA BID?
ch1chesterbid.co.uk
• Improve our economic performance
• Response to business opinion
• Collaboration of intellect, knowledge and resources
• Business model that delivers sustainable growth
WHY A BID?• Reverse the current decline from it’s current
position of 59th
UK TOWNS AND CITIES HAVE BIDs.
170
BUSINESSES CONTRIBUTE TO BID LEVY.
55,000
PRIVATE SECTOR INVESTMENT
RAISED THROUGH
BIDs.
£91m
BID funding reinvested
directly and exclusively into
City Centre.
HOW DOES A BID WORK?
ch1chesterbid.co.uk
• BID ballot
• BID levy
• BID levy set at one of the lowest in the UK
• Nil charge for businesses RV < 18,000
• BID levy will generate > £2.5m over 5 years
• BID levy does not replace CWaC statutory services
• Investment decisions are made by businesses in BID area.
HOW DOES A BID WORK?
WHAT WILL A BID DELIVER FOR US?
ch1chesterbid.co.uk
• Single Independent Private Sector Company
• Delivering dedicated marketing campaigns
• Adding new and quality events to our calendar
• Making our city centre cleaner and safer
• Delivering a greener and more attractive city centre
• Delivering real cost savings for businesses
• Increasing footfall, average spend and profitability
WHAT WILL A BID DELIVER FOR US?
WHO IS SUPPORTING THE BID?
ch1chesterbid.co.uk
WHO IS SUPPORTING THE BID?
WHAT HAPPENS NEXT?
ch1chesterbid.co.uk
WHAT HAPPENS NEXT?
PHASE 1 Funding
PHASE 2 BID Board, Team and CCM
PHASE 3 Commercial initiatives
PHASE 4 Communication: events, website, social media
PHASE 5 BID ballot
PHASE 6 Deliver business plan
OUR CITYOUR FUTURE
JUNE 2014VOTE YES
SUPPORT THE BID
CH1ChesterBID.co.uk