Businesses vote YES for town centre investment
Businesses in Slough have delivered a positive yes vote for the development of a Business Improvement District (BID) in Slough.
The BID will deliver more than £2million of investment over its five-year term, which begins on April 1 2020, and will see the delivery of projects aimed at improving the environment to do business in Slough town centre.
The investment comes from a small levy on the rateable value of business properties, and it is expected that the BID is able to attract additional funding from other sources.
The projects in Slough fall into five categories: safe and secure; environment; marketing and events; business support and representation. The package of improvements should see an increase in customer footfall, dwell time and spend in the town centre, and give businesses a better opportunity to be involved in strategic planning.
A steering group of the town’s businesses working with Slough Borough Council and others has driven the BID project.
Cllr Martin Carter, cabinet member for inclusive growth and skills, said: “This is fantastic news for Slough and I am pleased so many businesses want to play a part in improving the town centre.
“Slough like many town centres across the UK is facing an increasingly difficult economic climate and the BID will give businesses the opportunity to help shape improvements to the High Street, which will benefit them as well as residents and visitors.
“The BID is an exciting new addition to our plan to keep the town centre clean, safe and vibrant whilst we plan for large scale regeneration.”
Matt Powell, director of Revive & Thrive, the organisation which worked with businesses in the town to develop the BID, said: “Having seen the positive impact BIDs are having all across the country, this is great news for all those who run businesses in, live, work or visit Slough.
“This vote means Slough businesses now have the chance to put their town back on the map.”
The BID will be governed by a board of directors, made up of business representatives in the town centre, and a recruitment event will be taking place later in the year. To get involved and find out more, visit the Slough BID website or email email@example.com.