The business community in Hastings has come together to push forward a Hastings BID (Business Improvement District)
There are currently more than 230 BIDs throughout the UK, cumulatively investing over £200 million in projects decided upon by their respective local business communities. For the first time in Hastings the business community could have a budget which could be used to bring about change and increase business.
The Hastings BID, to be managed by a newly created Hastings Town Centre BID Company, aims to improve the experience for residents, visitors and businesses in Hastings and to market the town as a great place to work, live, shop and visit. It wants to reflect the ethnic and cultural diversity of the town, provide a voice and support for town centre businesses and lever in more money from other sources to supplement budgets.
“The Hastings BID affects businesses and amenities in the town with a rateable value of over £5000 and the money generated, which could be in excess of £1 million over the first five-year term, will fund eighteen additional town centre projects within four themes” said Cllr Dawn Poole, Hastings Borough Council’s lead member for regeneration.
The four themes are a better feel for the town centre, better connections and communications, a stronger business voice and a safer place.
“Businesses are being encouraged to vote in the Hastings BID ballot which takes place between 13 October and 10 November 2016, look out for ballot papers which will be arriving soon. 100% of funds generated by the BID will be held by the BID Company to spend locally on its approved projects” added Cllr Poole.
To find out more about the Hastings Bid visit www.hastingsbid.co.uk