UPDATE ON THE BID PROGRESS ILKLEY BUSINESS SURVEY

As part of the preparatory work for a BID vote we have followed many other Towns and initiated a survey of businesses. With the help of a number of experienced BID members across the country and using surveys that have proved effective, we have designed a Business Survey for Ilkley

This survey was initiated last week and we are starting to reach out to businesses to complete it

The survey can be found at https://www.surveymonkey.co.uk/r/ilkleybid

If you are an Ilkley Business Rate payer please feel free to complete this survey online and let us know you have done it. You will be visited in the next 3 weeks for your contribution

We have a number of BID helpers who will be calling on businesses in Ilkley asking for the survey to be completed. So please expect a visit in the next 2 weeks

Our ambition is to conclude the survey by mid-July and then the University Of Leeds will help us with analysis

In order to achieve this we have secured a grant of £5000 from Ilkley Parish Council. If the BID is successful we hope to be able to return this grant.

At all IBF meetings there will be an update by me about the BID progress. The next IBF meeting is on 12th July at the Box Tree

Please however feel free to raise any questions.
Stuart Hyde QPM
Chair Ilkley BID Committee


 

How much will it cost you?

A small levy (1 to 2 %) will be charged to each business within the proposed Business Improvement District.

For example: If your rateable value is £18,000 you will pay just £180 per year or £3.46 per week at 1%.

Who decides?

YOU! If you have a a business which pays business rates within the proposed BID area you will be invited to vote on whether or not to establish a Business Improvement District in Ilkley. We are hoping that the ballot will be held in the late Autumn of 2017 and, for the proposal to be approved two tests have to be met:

• More than 50% of those voting must vote YES
• Those YES votes have to represent more than 50%of the total rateable value of all votes cast.

What is a Business Improvement District?

A BID is a business-led initiative where local businesses are invited to come together, in partnership, to make decisions and take action to improve their trading environment. Through consultation, a range of projects and services are agreed and these are then voted upon by all the businesses in the proposed area. It is important to note that this in no way affects services already in place and funded by local government. Any funds raised by the BID are dedicated for use solely in Ilkley and are in addition to those services already in place.

Why does ILKLEY need a BID?

It is an investment scheme where local businesses can collectively agree on the priorities for Ilkley and how to invest their money to benefit themselves, their staff, their customers and their town.

Ilkley has a lot to be proud of: Its history, Its character, Its people & Its location Ilkley has a number of undoubted assets as a community and as a place to live and work. We want to assure Ilkley’s future success as an economically vibrant location. The BID offers a choice between:

a) The current reactive and piecemeal approach to business development. This relies on ad hoc action by only a few firms. Any planned investment in the town is entirely dependent on the availability of scarce public funds.
or
b) A proactive and cohesive approach involving the whole business community. Collaboration brings withit the benefits of shared experience and common objectives. This pooling of resources brings the required economies of scale to have much more impact at a lower per capita cost.

What will it do?

That is for YOU, the businesses within the proposed BID area, to decide. We will be asking as many businesses as possible for their input. Do you want more festivals, cleaner streets, business training, improved lighting, safety or marketing of Ilkley? Give us your thoughts and the BID plan will reflect your ideas.

How will it work?

Once a YES vote is secured the management and operation of the Ilkey BID will be undertaken by a company limited by guarantee – Ilkley BID Ltd. All businesses in the BID area will be eligible to join Ilkley BID Ltd and appoint its directors. The Ilkley BID board will completely control the funding and activities in the BID area.

The income required to deliver a 5 year programme of investments within Ilkley’s BID area will be almost entirely drawn from the BID Levy, collected on behalf of Ilkley BID by Bradford metropolitan District Council. This is then paid in full to Ilkley BID Ltd.

Will Ilkley BID benefit all businesses?

It is obvious that a BID would benefit retailers within the proposed area, however, it must be recognised that improving trading conditions will benefit all businesses. Those in the service and manufacturing sectors rely on a thriving economy and a prosperous hinterland. By encouraging favourable conditions in the town as a whole, the overall prosperity of the community will be enhanced. Promoting Ilkley as a business environment will be part of the ambition for the BID.