An Exeter Business Improvement District - Presentation to Chamber of Commerce Retail Committee, 14.09.10

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  • An Exeter Business Improvement District - Presentation to Chamber of Commerce Retail Committee, 14.09.10

    1. 1. John Harvey City Centre Manager BID (Business Improvement District) Briefing Exeter Chamber of Commerce Retail Committee 14 September 2010
    2. 2. <ul><li>BID = Business Improvement District </li></ul><ul><li>A business led private/public partnership </li></ul><ul><li>Initiated, funded and managed locally </li></ul><ul><li>Invests in additional projects and services </li></ul><ul><li>To create an improved trading and working environment </li></ul>BID Basics – What is a BID?
    3. 3. <ul><li>Build on success… Exeter well positioned… </li></ul><ul><li>Address local issues and opportunities </li></ul><ul><li>Provide sustainable and 100% ring fenced funding </li></ul><ul><li>Reduce freeloading </li></ul><ul><li>Enable longer-term planning & delivery & certainty </li></ul>Why Do BIDs Work?
    4. 4. <ul><li>Concept from US – highly successful </li></ul><ul><li>Enabling legislation </li></ul><ul><li>Defined area and business focus </li></ul><ul><li>BID Proposal determined locally – business vote (Business ratepayers/Hereditament) </li></ul><ul><li>Dual key majority </li></ul><ul><li>BID Term </li></ul><ul><li>Fair & Transparent BID levy </li></ul><ul><li>Agreed baseline services </li></ul><ul><li>Potential for further leveraged money </li></ul>BIDs – ‘The Technical Stuff’
    5. 5. <ul><li>Better marketing & promotion </li></ul><ul><li>Christmas Lights </li></ul><ul><li>Brighter, cleaner, safer streets </li></ul><ul><li>Effective business voice </li></ul><ul><li>Innovation </li></ul><ul><li>Strengthening the ‘corporate’ message… and emphasising local distinctiveness </li></ul><ul><li>Building on already great recent track-record on inward investment </li></ul>What A BID Could Deliver For Exeter
    6. 6. <ul><li>Increased footfall & repeat visits </li></ul><ul><li>Improved ‘dwell time’ </li></ul><ul><li>Increased consumer spend & sales </li></ul><ul><li>More attractive environment – for employees, customers, visitors and residents </li></ul><ul><li>Increased investor confidence </li></ul><ul><li>Strengthening public/private links & work </li></ul><ul><li>Reductions in cost of crime </li></ul>How can businesses benefit from a BID?
    7. 7. <ul><li>Assists capital value growth </li></ul><ul><li>Increases rental value </li></ul><ul><li>Increases occupier interest </li></ul><ul><li>Assists businesses in lower footfall areas </li></ul><ul><li>Good PR </li></ul>How do property owners/developers benefit?
    8. 8. <ul><li>Project Ideas… </li></ul><ul><li>… needed to feed in to the business plan </li></ul><ul><li>Use your imagination </li></ul><ul><li>Keep the ideas coming </li></ul><ul><li>What’s the perspective of our visitors… </li></ul><ul><li>… our shoppers </li></ul><ul><li>… our workers and colleagues </li></ul>It’s all about YOU…
    9. 9. <ul><li>Timetable </li></ul><ul><li>Database </li></ul><ul><li>On-going dialogue/consultation </li></ul><ul><li>The Business Plan – ‘Manifesto’ </li></ul><ul><li>Levy – likely to be 1½% </li></ul><ul><li>Implementation </li></ul>Next Steps…
    10. 10. John Harvey Contacts: e-mail – [email_address] Mobile – 07795 438 297 Office – 01392 665 664 Twitter – www.twitter.com/exeterccm

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