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Date published: 05 September 2023
More than 2,500 people flocked to the BID’s annual Street Eat festival
Rochdale town centre businesses are invited to the launch of the new Business Improvement District (BID) proposal and business plan at Bombay Brew on Tuesday 12 September.
Over the last few months, businesses have shared thoughts, ideas and aims for the present and the future with Rochdale BID, ahead of the second five year BID term for Rochdale town centre.
Town centre businesses are invited for drinks, a buffet and an opportunity to network at Bombay Brew, 1 Drake Street, Rochdale, OL16 1RE from 5.30pm – 6.45pm on 12 September.
The new BID proposal and business plan will be launched at this event on 12 September, ready for the ballot in October/November.
If successful, the Rochdale BID will renew for a second term in April 2024. There are two criteria which have to be achieved for the vote to be successful: more than 50% of the number of businesses who vote have to say yes and more than 50% of the rateable value of the businesses who vote have to say yes.
BIDs are considered to be the leading model of management and development of town and city centres, with over 300 currently operating across the United Kingdom and it is anticipated that Rochdale BID could generate a further £1.4 million over its next five-year period to promote and develop the vitality of the town centre, increasing footfall and vibrancy across the whole of the town centre.
A Business Improvement District is a defined area in which a levy is charged on all business rate payers in addition to the business rates bill. This levy is used to develop projects which will benefit businesses in the local area.
There is no limit on what projects or services can be provided through a Business Improvement District. The only requirement is that it should be something that is in addition to services provided by local authorities. Improvements may include, but are not limited to, extra safety/security, cleansing and environmental measures.
If you are a business and would like more information about the BID and would like to attend the event please contact Paul Ambrose by emailing paul@rochdalebid.co.uk, tel: 07811 278517 or go to www.rochdalebid.co.uk.
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