All systems go for Norwich Business Improvement District
Archant Norfolk Copyright
A new scheme which will raise £3m to be spent in the city centre will be officially launched tomorrow, with a pledge to give Norwich a shot in the arm.
Businesses voted yes for a Norwich Business Improvement District (BID) in July and it comes into effect from tomorrow.
The creation of the district – taking in the majority of Norwich city centre – will see millions raised over the next five years through an annual one per cent levy on businesses with a rateable value of more than £15,000 within the BID area.
Of the businesses who voted, 79pc by number and 91pc by rateable value voted yes, which means the district could be created.
A board – a cross section of people from businesses and charities that have a vested interest in properly representing the interests of BID levy payers – has been set up and offices at The Forum secured for team.
Stefan Gurney, Norwich BID director, said: “We go live from today and we already have some early quick wins.
“We’re adding value to The NORWICHRISTMAS campaign, with a television advert across the Anglia region to boost its profile and get people to the city, while work has started on a smartphone app.
“We are looking forward to seeing what we can deliver for Norwich.”
Do you have a business story? Call business editor Shaun Lowthorpe on 01603 772471 or email email@example.com