Welcome to ChesterBID
I welcome the Chester BID as it enables local businesses to decide how their money is invested in improving the attractiveness of their part of Chester. A brighter, cleaner and safer Chester will increase the number of visitors through businesses who are seeking to make a difference
His Grace the Duke of Westminster
Ballot Result
The votes were cast in December 2006 and the results were:
· In favour 58 (46%) RV £1.8m
· Against 69 (54%) RV £5.7m
Bid campaigners disappointed...read more
What is BID?
Chester BID is a partnership between a local authority and
the local business community that develops
and takes forward a project which will benefit
the trading environment and the public realm.
Why do we need a BID?
- Secure sustainable funding
- Build on what we have already achieved
- Address problems which effect the trading environment
This website is designed to help you learn more about BIDs and why and how it would benefit Chester.
BIDs: The Benefits
The benefits would be numerous for:
Everyone/the Community
- Produces economic well being and economic growth in area
- Attracts inward investment
- Gives competitive regional advantage
- Produces social well being / improves quality of life
- Develops partnership between private & public sector
- Encourages corporate social responsibility
- Provides sustainable investment for ongoing capital projects/services
- Creates a positive sense of place and enhanced feeling of safety and wellbeing
– provides community pride
Businesses/The Occupier
- Increases footfall
- Increases consumer spend and sales – can lead to increase in profits
- Reduces costs (crime reduction, joint activities, e.g. promotions/marketing)
- Is flexible to address the issues of individual sectors
- Gives businesses a local voice
- Creates more appealing environment for employees
- Fair to smaller businesses
- Fair system, those that invest, benefit – no freeloading
- Can decide and vote for action before making the investment
- Can control process, monitor results and terminate it easily – flexible
Local Authorities
- Harnesses private sector management/organisational drive and skills
- Promotes greater understanding of the role of LAs
- Provides new, sustainable investment and doesn’t detract from other resources
- Has commercial support
Property Owners
- Assists capital value growth
- Increases rental values of property and area
- Increases an area’s desirability and attracts occupiers
- Increase in trade which affects turnover based rents (some retail)
- Could help properties away from main footfall areas
- Good PR for company locally and regionally
- Forges positive links with council