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Up to £50,000 available to help town centres
High Streets Minister Jake Berry has announced that communities across the country can bid for up to £50,000 to help make town centres and high streets more attractive for business.
The latest round of the £500,000 British Improvement Districts (BIDs) Loan Fund will support business owners and local leaders to set-up a BID, which allow communities to come together to deliver additional local services and upgrade commercial areas for the benefit of business.
The government has been keen to stress that BIDs serve as a tried and tested model of how local business can work together to realise the potential of towns and high streets by engaging strategically with local authorities, developers and communities.
Berry said: “BIDs have a proven track record of upgrading commercial areas to enable business owners and entrepreneurs in our town centres and high streets to thrive. Whether through promoting longer opening hours, more security for shops or pedestrianised shopping districts, BIDs are a go-to vehicle through which you can reimagine your high street or town centre. Those on the ground know what works. Our Loan Fund is designed to provide them with the means to drive regeneration forward and meet local needs.”
The link below features a case study from Altrincham BIDs.
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