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'BIDs: unashamedly business led'

citymayors

Peter Williams, principal of The Means, has written a new article that appears on the website citymayors.com - a useful and interesting site. You can find it here:

www.citymayors.com/development/business-improvement-districts.html

The article shares two key pieces of analysis that The Means has used in recent BIDs studies.The first is its long-established matrix of criteria by which BID feasibility can be tested - Sustainability, Viability, Marketability, Do-ability and Social Responsibility. (In our recent Middlesbrough study, we have added a further criterion - Deliverability.)

The second is a possible model for smaller BIDs within, say, one city, one borough, one county or within a large industrial area. We put forward this idea in our Southwark report. We suggest three possible approaches:

  • Light BID - here the BID would be managed by existing traders on a voluntary or modest fee basis
  • Cluster BID - one that would operate over a number of centres. It would have one executive team, and would procure services across all the centres
  • Satellite BIDs - here an existing (probably larger) BID would agree to extend its services, and its 'back house' functions, to a new, adjacent BID
In addition we suggest a 'Proto BID', where a local or city authority invites business involvement in the direction and management of projects and services that it currently provides.

 

Last Updated ( Tuesday, 16 February 2010 )
 
 
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