Protecting the Consumer and Servicing
the Trade with Independence and Integrity

members of jqdt Successful BID vote secures shining future for Jewellery Quarter The Jewellery Quarter’s business community gave a firm thumbs up to the proposals for its own Business Improvement District (BID) today (Friday), after a large number of people voted in favour of the initiative. A BID is defined as a precise geographical area within which businesses invest collectively in local improvements and additional services. Over 600 local businesses were asked to vote to support the initiative, which will see companies with premises with a rateable value of £10,000 and above pay an annual levy of 2% to fund additional investment for the benefit of the whole area. The BID received an encouraging 45% turnout of voters, with 80% of those businesses voting ‘yes’. It is estimated that the BID levy will bring in an estimated £2million over its five-year lifespan and could be expected to lever in a similar amount from other resources. The Jewellery Quarter BID was promoted by the Jewellery Quarter Development Trust (JQDT), in partnership with Birmingham City Council, and chaired by David Mahony, managing director of PCPT Architects in Spencer Street, Birmingham. David said: “This is a very positive day for businesses in the Quarter. With the establishment of the BID, we will now be able to deliver a whole range of enhancements to the area that will improve the experience of those who work and visit here and also unlock the Jewellery Quarter’s ability to attract more investment, employment and visitors. “The resounding result in favour also demonstrates that businesses understand the real difference that a BID can make to an area.” The Jewellery Quarter BID, which officially begins life in October 2012, will now be governed by business levy payers and supported by a full time BID manager, who will be appointed shortly. The BID will help to improve the Quarter in many ways, including providing a welcoming environment for visitors, clean and safer streets, improving marketing to increase footfall and inward investment, and improving connectivity to the city centre.

Recent

Featured

The Birmingham Assay Office to sponsor the BATF Platinum Jubilee Competition 2022

20th Jan 2022

Learn more

The Birmingham Assay Office welcomes local manufacturer to witness the first commemorative mark struck in Birmingham to celebrate Her Majesty the Queen’s Platinum Jubilee in 2022.

1st Nov 2021

Learn more

The Birmingham Assay Office celebrates twenty-one employees for their long service with a combined total of 360 dedicated years.

27th Oct 2021

Learn more

ANCHORCERT ACADEMY LAUNCHES NEW WEBSITE

25th Sep 2018

Learn more

City of Wolverhampton wins Touchstone Award 2018

8th Jun 2018

Learn more

BHC CONSULTATION 2018: OUTCOME

2nd May 2018

Learn more

CATEGORIES

 
 

Your item has been added to the basket

You need to create an account, or login before you can add this item to your basket.