Sep 18 2012

Business Improvement District proposed for Town Centre

Town Centre businesses will be given the opportunity to bring major improvements to the area after Harrow Council secured funding from the Mayor of London to develop a Business Improvement District.

The development of a Business Improvement District (BID) enables businesses to raise money and spend it as they wish to promote and regenerate their business area. A BID team is currently going out to Harrow town centre businesses to hear what retailers, restaurateurs, publicans, solicitors, accountants and other local businesses would like to see in Harrow Town Centre. Harrow Council’s ambition is to develop a programme that will attract more shoppers and visitors to the town centre and make the area an attractive location for businesses.

Businesses will decide how much money they wish to pay towards a BID, and how they want to allocate the BID’s money. There is the potential for town centre based businesses to raise over £250,000 each year to spend on activities to increase footfall. The activities could include a programme of entertainment events, marketing, additional street cleansing, safety and security measures.

BIDs allow businesses to speak with a unified voice and by pooling skills, expertise and ideas from members they will collectively work and to ensure a vibrant and prosperous town centre so vital to Harrow’s economic future.

Harrow Council’s portfolio holder for planning and regeneration, Cllr Keith Ferry, said: “We are doing everything we can to support our local shopping centres and businesses by encouraging economic growth and investment into the borough. The Business Improvement District is the latest of a raft of measures that have been introduced to increase footfall and ultimately raise profits for the businesses involved.”

Jeff Jackson, Centre Manager, St. Ann’s Shopping Centre said: “We are looking forward to working closely with Harrow Council and we very much welcome the opportunity to make long-lasting improvements to the Town Centre. The Business Improvement District could potentially stimulate the local economy and put Harrow on the map with all other shopping centres across North West London.”

Source: Harrow Council

(Visited 10 times, 1 visits today)