About the BID
For more details please see www.wellingboroughbid.com
- A Business Improvement District or BID is an arrangement under which businesses plan and agree how to improve their trading environment by identifying projects that will add value to their business and that they are prepared to fund.
- These funds collected are ring-fenced and used only to deliver the pre agreed projects.
Funding for Wellingborough
Wellingborough BID is funded by businesses within the BID area contributing annually a 2% levy on their rateable value.
The levy will be mandatory on all businesses within the BID area, except those that are exempt.
The BID will bring an excess of £500,000 of investment into the town centre, over the three year period.
- The BID will be run by the Wellingborough BID Board, comprising of volunteers from organisations that pay the levy, including both large and small businesses.
- The board will be responsible for the delivery of projects ensuring that they are delivered on time and on budget to the highest standards possible.
Marketing – total budget = £214,000
To create a marketing, promotion and PR campaign to increase footfall around the whole town, reminding local residents and employees exactly what Wellingborough does have to offer.
Environment – total budget = £95,000.00
To create a free trade waste and recycling scheme for all BID area businesses, including confidential waste plus working with landlords and property owners to improve the appearance of some of the derelict buildings within the town centre, plus crime reduction initiatives with the police.
Events – total budget = £60,000
To create new events plus work with existing events to make them more relevant for town centre businesses by focusing on increasing footfall and visibility for businesses.
John Cable, BID Manager, Management Suite, 18 Spring Lane, Wellingborough NN8 1EY Telephone number 01933 270795 or Mobile 07971 954044.