Northampton BID Renewal 2021-2026
Northampton Business Improvement District (BID) has started the process of reviewing its Business Plan. A BID can only last five years and this BID term was due to come to an end in December 2020.
Due to the COVID 19 situation the Government, recognising the value of BIDs in the support of businesses, passed the Coronavirus Bill on 25th March and enabled the BID term to be extended until the end of March 2021.
This extension gives us a little more time to understand the new challenges facing businesses in Northampton town centre and enable new ideas to be incorporated in to the new BID Proposal and Business Plan which will support businesses as they try to recover from this unprecedented situation.
Much has changed due to COVID-19. In fact commentators are saying trends which were already changing the nature of town centres have moved five years in the space of two months. This means that the evaluation and collation of your views about business and the town centre collected before March to help us with a new BID plan, need to be re-evaluated.
We would be very grateful if you could please spend a few minutes and complete our BID RENEWAL SURVEY and return it to us as soon as possible to help plan for the future. If you would prefer to have someone run through it with you quickly over the phone or a Zoom call please contact BID Manager Mark Mullen on 01604 837766 or e mail him on firstname.lastname@example.org.
The BID, working closely with businesses, the Borough Council and others has achieved a lot over the last nine years, but we need to ensure that we create a new Business Plan which will be fit for purpose for the next five years. The aim will be to build upon what we have already achieved and ensure that businesses can take advantage of the new opportunities, which are emerging in Northampton town centre, such as the Future High Street Fund.
The new Business Plan needs to reflect your immediate concerns as well as those for the future and therefore we will extend the period of consultation with businesses to ensure that these priorities are fully understood and taken into account along with the other strategies and plans for the town centre.
The renewal provides us with an opportunity to work together and ensure that we can adapt to:
- The challenges in the recovery from the COVID 19 situation
- Changing consumer habits and the move towards ‘convenience’ and leisure choices
- The changing relationship between traditional bricks and mortar stores and online retail
- Ensuring the right mix of independents and corporate businesses
- Increasing importance of lifestyle and providing a great experience in Northampton town centre
- The potential impact of ‘Brexit’ on the local and national economy.
- The continued increase in residential accommodation in and around the town centre.
For more details and to find out how you can get involved with the Northampton Town Centre BID Renewal plan download these documents:
You may also contact the BID Manager, Mark Mullen on 01604 837766 or email@example.com