Manchester BID develops new national alliance to improve urban high streets and commercial centres17th Jan 2018
Manchester’s Business Improvement District (BID), a consortium of 400 retail, food and other customer facing businesses, has led the launch of The BID Foundation, a new national body that will champion improvement and investment in urban and commercial locations such as city centre Manchester.
Vaughan Allen, Chief Exec of Manchester BID and its managing company CityCo, has been elected to the national council of the new organisation and was part of a leading group of 27 BIDs that developed the concept of The BID Foundation, in partnership with the sector’s professional body, the Institute of Place Management at Manchester Metropolitan University.
Commenting on the launch, Vaughan Allen said, “The BID Foundation creates an independent voice to represent the growing number of BID partnerships across the UK with local and national government. Manchester BID has just been successfully renewed for a second term, and we look forward to working with the Foundation and fellow BIDs to share best practice and continue to champion growth, investment and innovation in our cities.”
Professor Cathy Parker, Chair of the Institute of Place Management added, “Around 80,000 businesses contribute to BIDs in the UK bringing more than £75 million of business contributions and a total investment of over £110 million. This is already making a big difference to the towns and cities in which BIDs are based, but through The BID Foundation there is the potential to achieve much more local and national impact. The commitment from Manchester BID has been crucial to getting this important initiative off the ground”.
In December 2017, businesses across Manchester city centre voted in support of continuing the city’s Business Improvement District for another five-year term. The renewal ballot saw 77% of voters back the continuation of the Manchester BID, which means it will now run until at least 2023.
The new term, which commences in April 2018, means an additional £6 million will be invested into the city’s retail core over the next five years, helping Manchester retain and reinforce its standing as the UK’s leading retail destination outside of London.
For more info, go to thebidfoundation.com.