The Nottingham Business Improvement District (BID) is delighted to announce it has been successful in securing the votes required for a new five year term from 2021 to 2025, having received the overwhelming backing of businesses in Nottingham.
92% of eligible businesses voted in favour by number, with 89% voting in favour by rateable value, representing a 46% turnout.
Upon securing the required votes, Nottingham BID has been quick to thank all its member businesses for their support during what has been a year of unprecedented challenges for the leisure, retail and office sectors. It has also reaffirmed its commitment to local businesses, creating opportunities to promote the city as well as support for a number of transformative projects set to take place in Nottingham in the coming years.
As soon as the new term comes into effect on 1 April 2021, the organisation will commence work on delivering the goals it set out in its new business plan. This will focus on four key strategic areas that have already seen great success in recent years - those being Promoted City, Managed City, Working City and Independent City.
The news also means the people and businesses of Nottingham can look forward to more great events that Nottingham BID helps organise and fund. This will include the hugely successful Light Night, The Magnificent Spiegeltent and The Cask Ale Trails.
The news has been warmly welcomed by the board of directors at Nottingham BID as well as by members of the BID team who are all extremely pleased by the resounding success of the ballot.
The It’s in Nottingham platform will be one key focus area moving forward having become a go-to channel for shoppers, visitors and business over the past ten years. Nottingham BID will also be supporting a number of transformative projects set to take place in Nottingham in the coming years.
This will include the improvement of key arrival points into the city. There will also be support for work that looks at better use of urban spaces as well as creating spaces around the city that help to drive footfall. Finally, there will be a strong focus with regard to the review of planning on key streets such as Bridlesmith Gate.