Carmarthen BID (Business Improvement District)

January 17, 2017

 

 

 

 Throughout 2017 Wavehill will be working with the business community in Carmarthen town to develop a Business Improvement District (BID).

 

There are approximately 217 active BIDs across towns and cities in the UK and another 50 under development that have yet to go to ballot[1]. BIDs are established and run by businesses, with the aim of improving local trading conditions. They are funded by a levy on businesses based on the rate-able value of their premises and they are established through a ballot of the businesses in the area. BIDs can also benefit the wider community and regeneration initiatives.  

 

BID development in Carmarthen will be an inclusive process, involving all relevant local bodies and partners, but primarily local businesses. Wavehill will begin by assessing the feasibility of a BID for Carmarthen, which will include consultation with businesses. Should the outcome be positive and favorable, Wavehill will advise on the development of a BID proposal and taking the BID to ballot.

 

This project has been commissioned by Carmarthen Chamber of Trade and is supported by Carmarthenshire County Council. Wavehill has previous experience in BID development, having worked with local bodies in Gwynedd to successfully establish BIDs in Caernarfon and Bangor in 2015.

 

 

[1] https://www.bidintel.co.uk/bids/stats

 

For more information contact Endaf Griffiths

 

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