Crunch time for Derby BID
St Peters Quarter Business Improvement District (BID) has published its plans for renewing it mandate in the area of the city centre between the Cathedral Quarter and Intu Derby shopping centre.
The businesses in the St Peters Quarter BID area have been canvassed for their views on the work that has already been completed during the five-year programme and the work needed in the next five years.
Their views and research have been compiled into a business plan which was launched on Thursday 16 June and will now be put to the vote.
The result of the vote will be announced at the end of July and, if successful, the new BID will launch on September 1 2016.
Businesses will pay a levy which raises around £210,000 a year, totalling over £1.2m over the five year term of the BID.
Stephen Jeffery, chair of St Peters Quarter Board, said: “A great deal has been achieved since the current St Peters Quarter BID was set up in 2011 when this area was at risk of losing its identity following the opening of Westfield (now Intu) and the development of the Cathedral Quarter.
“Having brought the businesses together to act as a collective voice – we have made significant inroads in developing the area as a destination.
Andy Cheetham, Manager of Pep & Co in East Street added: “The BID has made a positive difference to our business and our neighbours. As a company committed to the regeneration of the high street, I would recommend businesses voting yes for this five-year plan.”
