Harrogate’s new ‘Business Improvement District’ (BID) is now up and running and Raworths is delighted to be on board with the initiative. A firm based in central Harrogate for over 125 years, Raworths has witnessed many changes in the town’s rich history and has always been proud to support the community and local business initiatives.
The purpose of the BID is to enable local businesses to work alongside the local authority to make improvements to the area in which they operate. Local businesses pool their resources in order to provide extra services to the area in addition to those provided by the local authority. Hundreds of BIDs have already been set up in the UK including towns and cities close to Harrogate such as Skipton, York and Leeds.
Businesses within the Harrogate town centre BID area are now required to pay a relatively small levy in addition to their business rates bill. The levy payable is 1.5% of the rateable value of the business (although small businesses with a rateable value of less than £20,000 are exempt). The proceeds go towards the improvement and development of the town centre.
In November 2018 businesses in Harrogate were asked to vote on the proposed BID in Harrogate. Over 80% of those who voted were in favour, so the Harrogate BID was established and will run for 5 years.
The BID is managed by The Harrogate BID Limited, which is directly responsible to all business members through a board elected by all those paying the BID levy.
What does it hope to achieve?
The 5 objectives of the Harrogate BID are to:
The performance of the Harrogate BID will be monitored against these objectives on an on-going basis.
Some of the Harrogate BID initiatives currently being worked on are as follows:
Setting up the Harrogate BID is a positive move that could result in great benefits for Harrogate town centre and we look forward to seeing what it can achieve.
John Carter is a solicitor in Raworths’ commercial property team. For assistance with all of your commercial property legal issues please get in touch with Raworths either by telephone 01423 566 666, by e-mail email@example.com or by visiting us at Eton House, 89 Station Parade, Harrogate HG1 1HF.