Property Forum leads investigation into BID for Leeds

LEADING property owners in Leeds have joined forces with the city council to investigate the merits of creating a Business Improvement District (BID) for Leeds city centre, which could generate millions of pounds to improve the local economy.

The BID proposal is being headed by the Leeds Chamber Property Forum, whose chairman Andrew Latchmore said: “We have the backing of Town Centre Securities, Hammerson, Land Securities, Threadneedle, Legal and General and Hermes and have formed a sub-group made up of representatives from the private and public sector, which has commissioned a feasibility study.

“This study will guide us on the Leeds BID and help in setting out its aims and objectives.”

The feasibility study, which is being funded by the property owners and Leeds City Council, will involve engagement and consultation with key city stakeholders, including Leeds, York and North Yorkshire Chamber of Commerce, Leeds and Partners, Leeds Retail Association, first direct Arena, shopping centre owners, Kirkgate Market, Leeds Civic Trust, the voluntary sector, hoteliers and licensed occupiers.

It is hoped that early progress can be made and that a BID can be part of the continuing success of Leeds.