Colmore BID ready for further success

By on 25/07/2013 in Cllr Ali, News

The Colmore Business Improvement District  (BID) is looking back on five years of success in supporting businesses and bringing investment to the area and, if agreed by Birmingham City Council Cabinet on 29th July, a new five year term will be proposed, starting from next April.

The Colmore BID was established in April 2009 following a ballot result of over 87% of businesses in favour, and by next April over £3.5m will have been invested in the area.

The Colmore BID has been a real catalyst for progress and since April 2009 has:-

  • provided additional street cleaning, floral enhancements, festive lights and public realm improvements including the award winning Church Street Square development, carried out in partnership with the City Council.
  • become more accessible, sustainable and connected through a variety of initiatives
  • secured premier events and branding opportunities, including festivals (eg the now annual Colmore Food Festival), markets and outdoor theatre, supported by websites and publications
  • become more safe and welcoming, with Street Wardens, CCTV and lighting enhancements.

Plans for the BID2 Proposal include a continuation of many of the initiatives carried out to date, as well as further public realm and transport improvements and a more strategic influence across the city.

A BID is where businesses within a defined geographic area agree to pay a levy, so that the collective funds can be used to deliver additional services and improvements for the benefit of the business community.

In Birmingham BIDs, have been a key factor in the renaissance of areas and local centres, encouraging a closer working relationship between the business community and the public sector. Businesses play a key role in the direction of their BID as crucially, every business contributes to their funding.

Councillor Tahir Ali, Cabinet Member for Development, Jobs and Skills said: “The achievements of the Colmore BID over the last five years underline just how successful the BIDs model has been in Birmingham, and why the city is known as the UK BIDs capital.

“Across Birmingham, BIDs are well on course to have raised over £20m of additional private sector investment, confirming that they are an excellent way for businesses to work together and pool expertise, benefiting all their members and contributing to their local area.  Colmore BID has made a tremendous impact in its first term and I look forward to its continued success.”

Extensive consultation is now taking place with businesses and stakeholders for the proposed Colmore Business District BID2 Proposal. The BID Ballot is likely to take place during October/November 2013 and if successful, will commence a further five year term on 1st April 2014.

For further information call Steve McCarthy in the press office on 0121 303 3367.

– Ends –

Note to Editors:

  • The Colmore Business District BID area takes in the town centre side of Great Charles Street Queensway from Paradise Circus Queensway to Whittall Street, including office premises down Priory Queensway to Old Square. It covers the length of Colmore Row down to Victoria Square and the offices surrounding St Philip’s Cathedral including: Waterloo Street and Temple Row West.

•    Birmingham is seen internationally as one of the leading cities for BIDs, with ten successful BIDs in place since the first BID was launched in 2005. The BID areas are: Broad Street; Colmore Business District; Jewellery Quarter; Retail Birmingham and Southside in the city centre, together with local centre BIDs in Acocks Green; Erdington, Kings Heath, Northfield and Sutton Coldfield.

Two further BIDs are being balloted on in Soho Road and Sparkbrook/Springfield, which, if successful, will bring the total to 12.

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