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Traders await results of BID survey



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Published Date: 20 August 2008
OWNERS of 173 companies in Garstang will find out next month if the idea of forming a Business Improvement District in the town will be taken further - or scrapped.
Town centre business owners were approached by Garstang Partnership about the possibility of setting up a BID earlier this summer.
The move would mean traders paying a small extra payment on top of their business rates to fund improvments in the tow
n centre.
The results of the survey are being kept under wraps until after the next meeting of Garstang Partnership on Wednesday, September 3.
GP spokeswoman Angela Kershaw said: "The survey was distributed to act as a catalyst for ideas and opinions of what issues could be addressed, and if a BID would be the mechanism that businesses would support.
"There, hasn't been a vote yet, we are not at that stage.
"The company which undertook the questionnaire and analysed the results have distributed a report for the GP to look at. I cannot comment at all on the report yet because the GP committee have not yet seen the report yet, or made any comments on it."
The GP meeting on September 3 will have to decide if there is enough support to continue with the BID idea. If a positive decision is taken it would lead to the drawing up of a costed business plan on which a vote would be taken.
A vote would also be likely to ask traders what "extra" amount there would be on top of their business rates, which could be between 0.5per cent and 1.5per cent.
The GP has said that the earliest a BID could be set up is April 2009 - a date which would coincide with the formal scrapping of Garstang Partnership.
A traders' meeting about the setting up of a BID was held earlier this year, with a cautious response given by most traders who attended.
Some traders believe it could help head-off the two main challenges they are facing - the national economic downturn and the feared shift in shoppers' focus from the High Street to the new Booths store (due to open next summer).
If there is a majority vote for the creation of a town centre BID all businesses within the BID boundary would have to pay the extra percentage on their business rates - regardless of how they voted.
l The September 3 meeting of the GP will also be told the results of the survey into a proposed smaller BID involving businesses on Garstang's Green Lane industrial estate.



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  • Last Updated: 20 August 2008 9:16 AM
  • Source: n/a
  • Location: Garstang
 
 
  

 
 


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