A PLAN to create a Business Improvement District (BID) in Liverpool’s Commercial District has moved a step closer after an official launch.
Liverpool Commercial District Partnership (LCDP) unveiled its BID prospectus to guests at a breakfast summit at the Radisson Hotel in Old Hall Street.
Guests were able to examine the proposals and share their views with fellow businesses.
John Flamson, director of strategic partnerships and development at University of Liverpool, led a panel of business leaders who shared their experience of Business Improvement Districts and debated the issues surrounding BID status.
Paul Rice, chief executive of Liverpool CDP, said: “There is a real appetite among businesses in the area to move the BID application forward and that’s demonstrated by the great turnout we have had at the launch event.
“We have achieved some wonderful things in the commercial district but there is still much more to be done and this can only be delivered through the increased funding and collective spirit that comes with BID status.”
More than 800 landlords and tenants will be balloted on the BID proposal, which aims to generate in excess of £600,000 per year for enhanced marketing, maintenance and physical improvements through a levy equivalent to one per cent of business rates.
