Town councillors have been updated on the progress of a scheme to boost the local economy and support regeneration efforts.
Llangollen is one of 10 partnerships across the country which will share over £260,000 of Welsh Government funding to explore establishing Business Improvement Districts (BIDs).
After a BID is agreed via a legal ballot, each business contributes financially via a levy, which is then used to fund the agreed activities set out in their business plan.
These could include marketing, promotion and events, car parking, tackling anti-social behaviour, improving access to towns, or work to make the area more vibrant and viable.
A representative of consultants the Mosaic Partnership, who are currently
carrying out a feasibility study into the BID, gave a progress report at the
Town Council meeting last week.
And Mosaic director Mo Aswat has explained to current state of play to
llanblogger.
He said: “The
feasibility study is the first part of a three-stage process and its purpose is
to recommend whether the process moves forward to the development and campaign stage.”
He added
that the study would be completed in March and would make that recommendation
on the basis of:
- Financial analysis of the BID Area (using the business rates data)
- Local business and stakeholder consultations
- National business consultations
- Consultation with key business groups
- Consultation with public agencies
- Review of existing plans, projects and partnerships
Mr Aswat added: “The recommendation from the feasibility study does not
mean that the BID will go ahead, only that we move or not to the next two
phases.
“Any decision to have a BID is decided by businesses in a formal and
independent ballot which would not take place until after the development and
campaign phases in early 2020, which will undertake a much greater level of
consultation and ultimately result in a full business plan before the ballot.”
* Mosaic is encouraging businesses in the area to complete the Feasibility
Stage Survey, which can be found online at https://www.surveymonkey.co.uk/r/LlangollenTC2019
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