BID: Fifth Term Secured
Date Winter 2021
Location City Centre
Businesses Back the BID
Fresh from Saturday’s hugely successful Christmas Lights Switch On event, Preston city centre’s Business Improvement District (BID) has announced that it has secured a fourth term.
Following an independently conducted ballot held over recent weeks, businesses in the city centre have ‘backed the BID’ to deliver another five years of support, campaigns, and events.
Businesses will contribute a collective £1.5m over the next five years, which will be directly invested in activities to stimulate the city centre.
Chairman of the BID, John Boydell, said: “We are delighted that the majority of businesses in the city centre see the value that the BID brings to Preston.
“The BID team look forward to working with local businesses over the forthcoming term to deliver on their priorities and objectives.
“I would strongly encourage city centre businesses, who are within the BID area, to get involved with the numerous activities and campaigns the BID delivers, so collectively, we can continue to ensure Preston remains a great place to visit, work, invest and live.”
Now that the ballot has closed, the BID’s team, in partnership with sector committees, will begin putting together the 2022-2023 business plan.
The plan is expected to see more high-profile events, additional support services for local businesses, and safety and security measures enhanced.
Babs Murphy, Chief Executive of the North & Western Lancashire Chamber of Commerce, who deliver the BID, said: “The Chamber is proud of its association in the delivery of the Preston BID. Once again, businesses have recognised the importance of working together to deliver a vibrant, safe, and thriving city centre.
Councillor Matthew Brown, Leader at Preston City Council, said: “This is great news! We’re pleased to be continuing our work with Preston BID and the important contribution they make to the city centre.
“Playing a key role in the city’s Covid recovery along with hosting a number of city centre events throughout the year to improve our local economy, shows the benefits BID brings to Preston.
“We look forward to their ambitious manifesto plans and the ‘keep it local’ campaign.”