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Details

Status:
Implemented
Business Item
Felixstowe Business Improvement District
Ref.
ES/0470
Is a Key Decision:
Yes
Decision Type:
Committee
Decision Maker:
Cabinet
Date of Decision
Tue 1 Sep 2020
Show on Forward Plan
Yes
Description
Report of the Deputy Leader and Cabinet Member with responsibility for Economic Development
Matter for Decision (to consider...)
Cabinet to approve BID business plan and voting in favour of the BID
Service Area
Economic Development & Regeneration
Service Area 2
Not Applicable
Contact for Background Papers:
Paul Wood
Background Papers:
Equality Impact Assessment
Is Decision District Wide
No
Decision Made

1.   That the principles of the draft BID Business Plan be supported, and that delegated authority be given to the Strategic Director, acting in consultation with the Deputy Leader and Cabinet Member with responsibility for Economic Development, to agree the final version, once published;
2.    That the submitted BID proposals meet The Business Improvement Districts (England) Regulations 2004 (the Regulations);
3.   That the Returning Officer be instructed to hold a ballot, running from 13 October to 11 November 2020, subject to the final engagement with businesses in the BID area, indicating the likelihood of a strong vote in favour of the BID;
4.  That the Strategic Director be authorised to complete the Felixstowe BID ballot papers by voting in favour for the formation of a BID, using only one of the 11 votes issued to the Council so as not to be perceived as unduly impacting on the outcome of the ballot.
Reason for Decision
The Felixstowe BID is the result of positive, collaborative work over the past two years.  It has drawn together a wide range of businesses and public bodies to develop a business plan for the BID area. The business plan provides an  opportunity to address the current challenges, arising from the continuing decline in high streets, nationally, which has been exacerbated by the COVID 19 pandemic. The Felixstowe BID will provide businesses in the area with the ability to raise significant funds to invest in agreed, positive priorities which will boost trade in their area, and generate wider economic and social wellbeing.
Alternative Options Considered and Rejected
Not progress with the BID ballot. This would mean that a loose partnership of businesses could still continue to collaborate in an ad-hoc manner to improve the local trading environment, however, it would also represent a missed opportunity. In addition to the funding generated through the levy payments, the Felixstowe BID has the potential to draw down significant external funding e.g. via the High Streets Taskforce, which provides additional investment in the high street and resort areas. Without a BID in place, this opportunity will be lost.
Any Declarations of Interest Declared
None
Any Dispensation Granted
None

Decision Criteria

This Decision does not contain any decision criteria records.

Wards

Eastern Felixstowe; Western Felixstowe

Topics

This Decision does not contain any Topic records

Overview and Scrutiny

This Decision does not contain any Overview and Scrutiny records.

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This section displays the history of the Decision.

Decision History

DateTimeCreatedUserFullnameStatusDescriptionDetails
12
 Page 1 of 2, items 1 to 10 of 16.
17/08/2020 11:47:17Karen CookBusiness Item Created 
17/08/2020 11:47:17Karen CookCommittee AddedCabinet
17/08/2020 11:47:17Karen CookMeeting Added01/09/2020 6:30PM
17/08/2020 11:47:29 General Details EditedReference Number Generated (ES/0470)
17/08/2020 11:47:29Karen CookStatus ChangedDecision Scheduled [1]
17/08/2020 11:49:07Karen CookWard AddedEastern Felixstowe
17/08/2020 11:49:07Karen CookWard AddedWestern Felixstowe
20/08/2020 09:14:10Karen CookGeneral Details Edited 
20/08/2020 09:17:08Karen CookGeneral Details Edited 
20/08/2020 16:25:33Karen CookReport AddedDocument ID 6651: ES0470 - Felixstowe Business Improvement District

Approval/Comments

No history found.