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Decision details

Peterborough Business Improvement District (BID) Development - NOV18/CAB/52

Decision Maker: Cabinet

Decision status: Recommendations Approved

Is Key decision?: No

Is subject to call in?: No

Purpose:

To endorse the recommendation that Cabinet will support the introduction of a Business Improvement District (BID).

Decision:

Cabinet considered the report and RESOLVED to approve the development of a Business Improvement District (BID) application for Peterborough City Centre.

Reasons for the decision:

As a result of recent budget savings, City Centre Management would not be able to continue to deliver service at the current level (including producing and facilitating the wide range of events in the City Centre). Reduced investment in the City Centre was not desired. Moreover, the Council wished to see greater investment in the City Centre so that residents and visitors could have a vibrant, exciting, clean and safe City Centre everyone could be proud of and enjoy.

 

The development of a successful Business Improvement District (BID) in Peterborough City Centre would address this by providing the additional investment required.

 

Alternative options considered:

If the Council did not proceed with a BID then certain City Centre Management functions and events over the next two years (including the deletion of the post of City Centre Manager) would have to cease, as the budget for these activities was reduced.

 

Interests and Nature of Interests Declared:

None.

Background Documents:

None.

Report author: Annette Joyce

Publication date: 19/11/2018

Date of decision: 19/11/2018

Decided at meeting: 19/11/2018 - Cabinet

Accompanying Documents:

 

 

 
Peterborough City Council. Town Hall, Bridge Street, Peterborough, PE1 1HF - (01733) 747474
 
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