LEARN MORE: www.oswestry4bid.co.uk
In June, Oswestry Chamber revisited the possibility of bringing the benefits of a Business Improvement District to Oswestry. An excellent discussion ensured led by the Chamber's Chair, Neil Jenkins and Kirsten Henly, Executive Director of the Shrewsbury BID team.
WHAT IS A BID?
"Business Improvement Districts are business led partnerships which are created through a ballot process to deliver additional services to local businesses.
They can be a powerful tool for directly involving local businesses in local activities and allow the business community and local authorities to work together to improve the local trading environment."
A Business Improvement District is a defined area in which a levy is charged on all business rate payers in addition to the business rates bill. This levy is used to develop projects which will benefit businesses in the local area.
There is no limit on what projects or services can be provided through a Business Improvement District. The only requirement is that it should be something that is in addition to services provided by local authorities. Improvements may include, but are not limited to, extra safety/security, cleansing and environmental measures."
SOURCE: https://www.gov.uk/guidance/business-improvement-districts
FIND OUT MORE & GET INVOLVED
If you would like to find out and/or support the chamber in its work to explore how BID would work for Oswestry, then contact the Chamber.
