Morecambe BID | Business Improvement District | Together, we can improve Morecambe
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Welcome

Together, we can improve Morecambe

What would you do to improve Central Morecambe if you had £650,000 to spend?

This is what could be achieved with

a Business Improvement District (BID) for Morecambe.

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What is a BID?

A BID is a business led and business funded body formed to improve a defined area. Each business within the given zone pays 1.5% of their rateable value into a funding pot once a year. For a business with a rateable value of £8,000, this would amount to £120 a year or £2.31 a week.

 

In Morecambe, the BID would create a funding pot of approx £130,000 per year (excluding extra or match funding from other sources). Businesses then get to decide how this money is spent to improve their town. This would involve ongoing consultation with Morecambe’s businesses to ensure your needs are being met, in ways that you want to see.

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How it works

All businesses within the BID zone are invited to vote for whether they would like a BID or not. The Morecambe BID ballot is scheduled for Spring 2016. If successful, Morecambe BID will run for five years, with the potential to be extended at the end of this period if local businesses wish for this.

 

95% of BIDs in the UK are renewed after their first five-year term, which demonstrates their value to businesses.

 

This is your BID and you decide the projects that go into the five year business plan. 

The benefit of a BID

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Make Morecambe a better place to work in, live in, and visit

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Boost tourism and increase footfall in the town centre

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Improve the safety of the area

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Attract additional investment from elsewhere to add to the BID spending pot

BID Zone Map

The map below outlines the proposed BID zone for Morecambe.
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Blog

The latest news from the BID team

Supporters

Steering Group

On Wednesday 1st October 2014, the new Morecambe BID Steering Group was formed and the following members of the Morecambe Business Community were appointed as representatives.

 

The Steering Group is an association of organisations and individuals committed to working together in order to improve the trading environment for businesses located in Morecambe Town centre.

 

Their vision is to improve the economic prosperity of the town centre by providing businesses with the opportunity to directly improve their own trading environment.

Contact Us

For more information or to get involved contact Vicky

Lancaster District Chamber of Commerce Trade & Industry
Commerce House
45 Northgate, White Lund
Morecambe
LA3 3PA

Email:     info@morecambebid.org.uk

Phone:   01524 381331

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