Decision details

Bury Town Centre Business Improvement District Proposal (BID)

Decision status: Recommendations Approved

Is Key decision?: No

Is subject to call in?: No

Decisions:

Councillor David Jones, Leader of the Council submitted a report setting out details of the findings of the Bury Town Centre Business Improvement District (BID) Feasibility Report undertaken on behalf of the Bury Town Centre Management Board (BTCMB).

 

The Feasibility Report recommendation is to proceed to the full BID Development and Campaign Phases which will include in-depth business/stakeholder consultation to develop the BID Business Plan and BID Proposal, followed by a BID Campaign and BID Ballot.  It is during this next stage that the BID Boundary, BID Levy Rate and any payment threshold/exclusions will be agreed and finalised.

 

Delegated decision:

 

Cabinet agrees to:

 

·         Support the Bury Town Centre Business Improvement District Feasibility Report Recommendations and the decision taken by Bury Town Centre Management Board to progress to the next stage of the Bury Town Centre Business Improvement District process.

 

·         To note the Council’s role in the Bury Town Centre Business Improvement District Development and Campaign Phases and to allocate the financial and staff resource required to support the process.

 

·         To approve the annual budget required to meet the  Council’s annual Bury Town Centre Business Improvement District levy payments should the Bury Town Centre Business Improvement District Ballot result in a ‘Yes Vote’ and to allocate the resources required to deliver the Council’s role and responsibilities throughout the duration of a Bury BID.

 

·         To Delegate Powers for detailed decisions relating to the Bury Town Centre Business Improvement District process to the Leader as Regeneration Portfolio holder.

 

Reason for the decision:

 

There is minimal investment required in relation to potential benefits as well as evidence of success in other areas. The proposals are in line with the Council’s growth agenda and therefore support financial sustainability.

 

Publication date: 14/08/2019

Date of decision: 24/07/2019

Decided at meeting: 24/07/2019 - Cabinet

Accompanying Documents: