…..but still no sign of help for sub-urban commercial centres like Front Street
The York Council’s Executive will be asked to support the successful implementation of the Business Improvement District (BID) in York at a meeting on Thursday 28 January.
The meeting comes after a ballot in November 2015 saw businesses across the city centre vote in favour of a new Business Improvement District, which will deliver over £800,000 in new investment for the city centre each year.
Executive will be asked to note a draft memorandum of understanding and baseline operating agreement for the Business Improvement District ahead of final terms being reached.
The Executive will also be asked to approve a cash flow loan of up to £50,000 to help support the creation of the Business Improvement District. It’s proposed this loan will be reimbursed in full by Summer 2016.
The business-led BID will take decisions on how to invest in the city centre and will focus on areas such as improving the cleanliness of the city centre, tackling anti-social behaviour and supporting businesses.
However the Council continues to ignore calls for regeneration initiatives in sub-urban retail areas like Front Street. Its Quango partner organisation “Make it York” is also entirely focused on the City centre area.
The Council report also outlines City of York Council’s annual contribution, via levy, of around £28,000 beginning in the 2016/17 financial year. The BID will however reimburse the administrative cost of levy collection up to £25,000.
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