THE results of a study into a scheme that could improve the city centre will be revealed on Tuesday.
A feasibility study into a potential Bradford Business Improvement District has been taking place with businesses over recent weeks, and the findings will be formally announced on at noon in the Restaurant 1914 within the Alhambra Theatre by Ian Ward, Chair of the Bradford BID Development Group
A BID is a defined area within a city where a levy – typically one to 1.5 per cent – is charged on all business rate payers over and above their normal business rates.
The levy is then used to develop projects or services which benefit the businesses in that area. Other BID areas have used the money to tidy up empty premises, make it easier for visitors to find their way around, provide extra security such as cracking down on anti-social behaviour and street drinking, and organise festivals.
If the findings show that Bradford Businesses are in general support of a BID at this early stage, the BID Development Group will begin to formalise a full business plan early in the New Year.
BIDs have been established in more than 270 cities, towns and districts across the UK.
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