£s up for grabs to make town centres more attractive

If anyone fancies making Bude more attractive (or Holsworthy, etc) then read this. Obviously, it is a government funding project so it requires not only ideas but also bid-writing.

Communities across the country can bid for up to £50,000 to help make local areas more attractive for business, High Streets Minister Jake Berry MP has today confirmed.

The latest round of the £500,000 British Improvement Districts (BIDs) Loan Fund will support business owners and local leaders to set-up a BID, which allow communities to come together to deliver additional local services and upgrade commercial areas for the benefit of business.

Business Improvement Districts serve as a model of how local business can work together to realise the potential of towns and high streets by engaging strategically with local authorities, developers and communities.

High Streets Minister Jake Berry MP said:

BIDs have a proven track record of upgrading commercial areas to enable business owners and entrepreneurs in our town centres and high streets to thrive.

Whether through promoting longer opening hours, more security for shops or pedestrianised shopping districts, BIDs are a go-to vehicle through which you can reimagine your high street or town centre.

Those on the ground know what works. Our Loan Fund is designed to provide them with the means to drive regeneration forward and meet local needs.

British BIDs, a BIDs sector body, hold the contract of managing and operating the fund until September 2020.

Professor Christopher Turner, British Bids Chief Executive said:

Business Improvement Districts have been shown to be hugely successful in regenerating town centres.

There are now over 300 BIDs across the UK and the Loan Fund that the government set up has been vital in helping key BIDs to emerge.

Thus far 29 loans of between £10,000 and £50,000 have been allocated through the British BIDs application process, and BIDs have been able to use this loan funding to develop their proposals and support the ballot process.

There is up to £95,000 available for this latest round of funding, which we estimate will be able to provide funding for up to 4 prospective BIDs. Successful applicants to the fund can receive up to £50,000. The average received by successful applicants has been £33,000.

This is Rochester, which looks quite pretty

Expressions of Interest in the Loan Fund are to be received by 8 March 2019, with completed applications by 10 May 2019.

For more information, please visit our BIDs Loan Fund page and the British BIDs website.

To register your interest and receive an application form, please contact bidloanfund@britishbids.info.

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.