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Businesses celebrate win for Colwyn BID

27th November 2015

Categories: News

Businesses across the Bay of Colwyn, in Colwyn Bay, Rhos-on-Sea, Old Colwyn and Mochdre have voted in favour of making the area a Business Improvement District.

There was a strong turnout vote in favour with 68 % of the businesses and 70 % of the aggregate rateable value voting in favour of the BID - giving a clear mandate for the next five years from 1st April 2016. 

Under the BID, businesses will pay 1.8% of their rateable value of their premises with fixed bands for the smaller businesses. This will generate around £250,000 a year for the next five years which will be used to fund activity identified in the business plan.

The initiative has been developed by the BID Steering Group made up of business representatives from across the area, working with the Conwy County Borough Council and supported by BID specialist company Partnerships for Better Businesses (pfbb UK). They carried out extensive research in preparation for the Colwyn BID five-year business plan. This included participation by businesses in surveys, extensive one to one interviews and numerous workshops.

From this feedback three key objectives emerged under the vision of ‘‘Creating the Bay of Colwyn: the seaside centre, perfectly placed for business and leisure’.

The three objectives in the plan are:

  1. Developing the identity and promoting business

To develop and promote the strengths and characteristics of the Bay of Colwyn as a seaside centre for leisure and business and build awareness of all its business sectors locally and regionally.

  1. Functional and Appealing

To develop a functional environment for businesses and a distinctive and attractive experience for visitors and workers in the area.

  1. Area Specific

To provide support to businesses in each part of the Bay of Colwyn which is specific, relevant and appropriate to their business community. 

Chris Jackson, Chair of Colwyn BID Steering Group, said: ’this is an exciting project which gives businesses across the whole area their own budget and a real influence on matters which directly impact upon their ability to attract clients and customers and make a difference to their turnover and profit’.

‘The BID business plan pulls together a range of activities which will change the way in which the area is perceived by businesses and the public over the next year or so, as the plan starts to be delivered’. Chris continued, ‘I would like to thank all the businesses for their support. The BID represents a real step forward in the development of Bay of Colwyn’.

Minister with responsibility for regeneration in Wales, Lesley Griffiths said: “Congratulations to the local businesspeople who have worked together on their successful BID.

“The Bay of Colwyn  has internationally acclaimed businesses, a superb coastal environment and fantastic facilities such as those at Eirias Park. However, changing lifestyles, more competition, and internet shopping mean our towns and communities must do all they can to remain interesting and vibrant places to visit. 

“This is why I am pleased to have provided £25,000 to support the creation of this BID which will help the Bay of Colwyn maximise its assets, increasing visitor numbers and investment.” 

Cllr Chris Hughes, Conwy County Borough Council’s Cabinet Member for Communities said, “I’m delighted that businesses in Bay of Colwyn and Mochdre have voted for the establishment of a BID.  The Council was part of the Steering Group and we now look forward to working with the BID to help make sure that the initiatives planned will have a positive impact for businesses and for the continuing regeneration of the area.”

The BID Team are now working on the details for implementation to start 1st April 2016.   Businesses can expect a newsletter in the new year informing them about the setting up of the operation and ways in which they can get involved in the different projects and activities.

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