Decision details

Peterborough Business Improvement District (BID) Update Report and Proposed Next Steps - NOV19/CAB/53

Decision status: Recommendations Approved

Is Key decision?: No

Is subject to call in?: Yes

Purpose:

The purpose of this report was to provide Cabinet with an update on the actions which had been taken following the approval of the 19 November 2018 report and the steps now required to take the BID forward.

Decision:

Cabinet considered the report and RESOLVED to note the progress that has been made towards establishing a Business Improvement District (BID) in Peterborough and approve the additional actions to support the preparatory work on the BID in the run up to the expected ballot date in 2020. 

Reasons for the decision:

To provide Cabinet with an update of the current position.

Alternative options considered:

Do nothing option had been considered but would have negative financial and reputational impact on the City Centre, nor would the Council be able to benefit from the potential positive outcomes of BID.

Interests and Nature of Interests Declared:

None.

Background Documents:

None.

Report author: Dave Anderson

Publication date: 18/11/2019

Date of decision: 18/11/2019

Decided at meeting: 18/11/2019 - Cabinet

Effective from: 22/11/2019

Accompanying Documents: