Businesses in Hemel Hempstead town centre have voted in favour of establishing a Business Improvement District (BID) - a business-led and business-funded body formed to improve a defined commercial area. BIDs charge a levy to local businesses in return for providing services over and above the usual council provision.
Eighty-four per cent of businesses in Hemel Hempstead who voted, voted in favour of the BID - representing an overall turnout of 37 per cent.
The BID, developed by Central Management Solutions, was jointly funded by ourselves and Capital and Regional, and demonstrates a unique working relationship.
Mark Gaynor, Dacorum Borough Council’s Corporate Director (Housing and Regeneration) and Director of the Business Improvement District Board, said: “Congratulations to Hemel Hempstead town centre businesses who voted to create a Business Improvement District for the town centre. The 'Yes' vote is a huge economic boost for the town centre, which will benefit from at least £900,000 investment over the next five years.
“We hope the establishment of a Business Improvement District will create further opportunities for local shops and businesses and we’re looking forward to being part of, and working with, the BID as it develops.”
The core BID priorities will focus on:
- Improving visitor experience and the working environment
- Cleanliness, waste removal and recycling
- Place marketing
More information about the bid can be found on our Business Improvement District page.