@kings_lynn_bid The King’s Lynn Business Improvement District

@kings_lynn_bid www.kingslynnbid.com

The King’s Lynn

Business Improvement District

http://www.kingslynnbid.com/


Introduction

• Who we are

• What is a BID

• What’s Happened so Far

• Proposed Business Plan

• What Happens Next

• Q & A



Who are we ?

• A Group of Business in King’s Lynn

• Keen to do more to improve the Town

• Working towards a Common Goal

• People like you !



Who are we ?



What is a BID?• A Business Improvement District is defined by

Legislation

• Gives Businesses greater control

• Enabled Businesses to raise their own money

• An area defined by Businesses

• Managed by Businesses

• For the benefit of Businesses

• Voted for by Businesses



What is a BID?

A BID is an opportunity for everyone who runs a business in King’s Lynn town centre to make a positive contribution to the town…and to make more money.

Why else would we do it?



The Story so far

• Pre 2012 - lots of talk about BIDs

• Apr 2012 - Steering Group of Local Business

• May 12 – July 13 –Surveys/discussions etc

• July 2013 – Draft Business Plan published

• Nov 2013 - Business Plan finalised

• Dec 2013 - Approval to proceed

• Jan 2014 - Publicity and promotion



Business Plan• Aims, Objectives and Key Priority areas for

Kings Lynn Businesses

• Identifies the BID area

• Identifies the costs and who would pay

• Identified a series of projects

• About the BID company and It’s responsibilities

• Service Level Agreements – LA, Police +others



Key Issues

• Changes to car parking arrangements within the Town Centre

• Improve town centre PR

• Stand up for businesses

• Increase footfall into the town centre

• Maintain and develop King’s Lynn as a tourist hub

• Improve communications on town centre matters



Key Issues• Create an environment to encourage a wider retail

mix

• Generate operational cost savings for town centre businesses

• Enhance the visitor experience through a revitalised streetscape

• Develop a strong collective voice to shape public and commercial policy, with a particular focus on the visitor experience in the town



To create a vibrant town we can all be proud of, where businesses prosper, our communities thrive and for visitors, a destination of choice.

Aims & Objectives

1. Improve Marketing, Promotion and Events within the Town

2. Improve Town Centre Access and Movement

3. Provide a Better Quality Place

4. Increase Profitability for our Members

5. Speak up for Businesses



Improve Marketing, Promotion and Events within the Town

Projects

• Comprehensive marketing plan

• Town Centre loyalty card and shopping voucher scheme.

• Regular Town Centre promotions, themed weeks and a ‘shop local’ scheme.

• Develop car parking and local transport promotional activities



Improve Town Centre Access and Movement

Projects

• Work with partners to improve parking provision in the area and the production of a parking guide and signage, including a ‘How to get to’ guide

• Provide large town maps in key location such as the multi-storey car park, bus and train station and other key locations within the town.



Improving the Quality of the BID Area

Projects

• Promote the area for inward investment, new office occupiers and retailers.

• Working with the local authority to revitalise the markets within the town.

• Work with partners to introduce family friendly facilities i.e. weekend shopper crèche

• Investigate premises improvement grants



Increase Profitability for our Members

Projects

• One Stop Shop’ assistance from the King’s Lynn BID team on any matters relating to trading

• Provide water and energy audits for businesses

• Introduce a town wide waste collection and recycling to reduce the costs

• Identify opportunities to develop further radio link and CCTV monitoring across the town



Speak up for Businesses

Projects

• Act as a voice between businesses and other key stakeholders within the town on key issues.

• Lobby for additional funds; apply for funding and grants to invest in King’s Lynn BID area.

• Representing business views on key projects within the BID area or on projects

• Creation of a town centre newsletter for all businesses



Who will Pay ?

• All Businesses within the proposed BID area

• The person responsible for the Business Rate

• Exemption - Places of worship and non-retail charities (under 7.5k)

• Government Legislation and Regulations govern the BID process. As such, if a majority YES vote has been achieved, the BID levy becomes payable by all defined ratepayers.



BID Area



How Much?Small Premises

• Rateable Value £10,000

• Annual BID Levy £150

Medium Premises


• Annual BID Levy £375

Large Premises


• Annual BID Levy £1,500

Businesses with a rateable value of £7,500 or less will pay £100 per annum

Business with a rateable value of over £7,500 will pay 1.5% of their rateable value.



What Next

• Jan – April 14 – Promote Proposed BID

• Feb 2014 – Formally Announce Ballot Date

• March 14 - Issue Ballot Papers

• Mar 2014 – Go to Vote

• April 10th – Final Voting Date



Q & A

Questions and Answers


Documents

@kings_lynn_bid The King’s Lynn Business Improvement District