Northampton Town Centre businesses voted YES to becoming a Business Improvement District (BID) in 2011, and in October 2015 businesses voted YES to renewing the BID for five more years until 2020.
Resident businesses pay a levy each year which is pooled into a collective pot and worth around £1.7million over five years.
It is this pot of funding which is used to deliver the BID events, initiatives and projects in line with the BID Business Plan.
BIDs allow businesses in a defined area and business sector(s) to vote on which additional services they want to invest in, to improve their trading environment.
Northampton town centre BID’s vision (2015-2020), through a business-led programme of investment, has been: ‘To develop the town centre into a quality destination with a clear identity, which provides opportunities for good quality retail niches, specialists and independents, which respects and nurtures its professional services, celebrates its attractive, diverse leisure and cultural offer, builds upon the town centre’s heritage and looks to the future.
We encourage all businesses to take an active interest in determining priorities and planning projects to meet the aims of the BID plan. If you would like to attend any of our sub-groups or have suggestions for future BID projects then please get in touch with Mark Mullen, BID Operations Manager on email@example.com and 01604 837766.