* The BID proposal centres of Llangollen town centre. |
Following representations from a group of Llangollen businesses,
Denbighshire County Council successfully applied to Welsh Government for match
funding to explore the possibility of a Business Improvement District (BID) for
Llangollen.
A BID is an arrangement where businesses get together, decide what
additional improvements they want to make, how they’re going to manage and
deliver those improvements and understand what it will cost them.
This all is put in a comprehensive business plan which is then voted on
by businesses.
If the majority vote yes then a BID is legally formed, providing
sustainable and equitable funding to deliver that plan.
It is a concept that has been successfully used to better manage and
market over 300 places in the UK. The BID can last for a maximum of five years
and must be able to demonstrate how it has benefited businesses that have
funded it.
The Mosaic Partnership were appointed in October 2018 to explore the
feasibility of a BID in the town and following engagement with more than 80
businesses, a financial analysis and presentations to business and public
agency groups the assessment has concluded a BID is viable for Llangollen and
to move forward with a ballot in early 2020.
The next phase will involve forming a BID Task Group with membership
largely drawn from the local business community and The Mosaic
Partnership will work with the group to undertake extensive consultation
and market research, develop the operating agreement, financial planning and
the BID Business Plan.
Mo Aswat, Director of The Mosaic Partnership said: “It has been great to
work in Llangollen which in many ways is a successful and attractive town.
Businesses have realised that to keep it that way and develop it in the face of
increasing competition needs a more professional and sustainable approach. BIDs
are one such way as we have seen across the country, and we look forward
to moving on to the next stages here.”
Denbighshire County Council says it is supportive of this business-led process
which will culminate in a democratic ballot in early 2020 to determine whether
or not a BID is established in Llangollen.