The Saffron Walden BID team have made a lot of progress in the past few weeks…
Our aim has been to get the message out that we are currently exploring the practicalities and benefits of setting up a Business Improvement District (BID) for Saffron Walden town centre.
We have launched the online survey and had conversations with many local business owners and managers. We hope you have received the first in a series of Postcards that will be delivered throughout the process.
It’s really important in this Consultation phase of the BID that every business owner in the area has had their say and has been able to feed ideas and concerns into the process.
The BID aims to boost the local economy by improving the town centre experience and marketing Saffron Walden as a great place to work, live, shop and visit. More than 270 towns and cities in the UK now have a BID, including Cambridge, Newmarket, Colchester and Bury St Edmunds which gave helped improve their local trading environment and respond to changing shopping trends.
Creating a BID is a business-led decision: made by local businesses, for local businesses and funded by local businesses via an annual levy.
Over the next few months we'll be exploring how a BID could benefit Saffron Walden town centre - raising potential investment in the region of £250,000 over the five-year lifetime of a BID, which could equate to an annual levy of £150-200 for a small business with a rateable value of £10,000.
You can get more background to the BID and our approach by taking a look at the short presentation, available to download from the Links / Downloads Page.
If you haven’t met a member of the BID team or seen any of the postcards, articles in the local press or seen us on Facebook please get in touch with us by email at email@example.com.