Earlier this year a group of independent business leaders within Horsham formed the Horsham Business Improvement District (BID) Steering group and were successful in securing funding to further develop a BID proposal for Horsham.
As such Revive & Thrive has been appointed to help develop the proposal through to ballot in October 2020.
Businesses are being invited to come to a special meeting to find out more about what BIDs are, what a BID could do for Horsham and how they can have their say.
The meeting, to be held at the Studio at the Capitol, Horsham, on 30th January 2020 from 6.00- 8.00pm, is designed to introduce businesses in Horsham to the opportunities and benefits that a BID could bring, as well as helping them to understand exactly how BIDs work.
There are already over 300 BIDs across the UK, largely operating in town and city centres and they deliver a range of projects that support businesses within them, from marketing and events to direct business support and environmental enhancements. A further key feature of BIDs is the collective voice they provide to business communities in dealing with public sector bodies.
BIDs are funded by a small levy, usually between 1% and 2%, charged against the rateable value of commercial business premises and, as they are funded by the businesses that pay into them, businesses vote in a secret ballot on whether or not to adopt them.
Businesses vote on the contents of business plans put together after extensive consultations with businesses and, if approved at ballot, most BIDs are operated as independent social enterprise businesses, run by voluntary boards of directors drawn from the business community.
The development of the BID is just getting underway in Horsham, with the vote expected to take place in Autumn next year. National BID experts, Revive & Thrive, has been appointed to work with the Steering Group and businesses in the town to bring the BID to fruition.
Revive & Thrive Director, Russell Downing, said “We are excited to begin working with the business community in Horsham. We are already impressed at the quality of the business offer in the town and are keen to explore ways of making it even better for all those who use it.”
To date, the BID has been driven by a steering group drawn from businesses around the town. Steering Group chair, Willie Hamilton, said “we are aware of improvements that BIDs have brought to other towns around us and we are keen to keep Horsham one step ahead of the rest. The best way to do that is for businesses to work together for the benefit of us all.”
Businesses should sign up to come along to this free event via an Eventbrite registration page, http://bit.ly/horshambidmeeting and can find out more about BIDs and the Horsham BID at Revive & Thrive’s website: www.reviveandthrive.co.uk/current-projects/