Richmond businesses vote ‘yes’ for bid -
green light for £3.2 million investment plan
The businesses of Richmond have voted overwhelmingly in favour of establishing a Business Improvement District to deliver ambitious improvements across the area in the coming years.
59% of businesses voted ‘yes’ at the ballot (60% by rateable value) firmly endorsing the £3.2 million investment plan set out earlier this year by the Richmond BID team.
The BID will go ‘live’ in April of next year with the aim of seeing Richmond grow as a premier business and visitor destination. The BID team will work with partners to enhance the area’s status and develop the experience of working, living, doing business and visiting the area.
Erick Kervaon, Chairman of the Richmond BID, said:
“This is great news for the whole business community here in Richmond. Clearly the businesses recognised the huge opportunity before them and have firmly backed the proposals. I am looking forward to bringing the business plan to life- making sure that the £3.2 million investment delivers tangible benefits to businesses across the area over the next 5 years.”
Gabriel Irwin, Owner Foot Solutions and Vice Chairman of Richmond BID, said:
“As a small independent retailer, we are delighted to be part of Richmond BID – businesses collaborating to ensure the area is a destination of choice for visitors, businesses and residents alike.”
Ann Chapman Daniel, Co-Founder Minesoft Ltd, said:
“I back Richmond BID because the significant, targeted and sustained investment it brings will collectively benefit businesses and residents in the local area over the next 5 years.”
Ian Baldwin, Head of Operations Consilient Health, said:
“Helping shape the future of the area we do business in is an opportunity we can’t miss. A collective vision, well supported and a fully funded plan for improvements, can only benefit the area.”
The Richmond BID will focus on five priority themes and projects and services will be delivered across these areas, they are:
- Supporting Business Growth
- Enhancements to the look and feel of the area
- Promotion and Profile of Richmond
- Corporate and Social Responsibility
- Parking and Congestion
Area wide roll out of Richmond card to enable local employees to fully access offers from local employers. Centrally procured waste and recycling scheme and identifying opportunities to jointly procure business services and utilities to drive down operating costs.
A comprehensive Public Realm Strategy, greening schemes, additional street cleansing, improved signage and air quality initiatives are just some of the projects that will improve the look and feel of the Richmond area.
An important area of focus for the BID will be engaging with decision makers providing a powerful a voice on crucial issues such as public realm, planning and transport. Creating an area wide brand to strategically market Richmond as a business district, retail hub, and unique visitor destination- attracting increased inward investment.
Close working with the retail and hospitality sector to develop a comprehensive schedule of events. Fully funded annual festive lights display.
Provision of Corporate and Social Responsibility service to support BID businesses and working with Chamber of Commerce to build upon any existing CSR initiatives already in place. Volunteering programmes, sustainable business initiatives and smarter giving campaigns will also be implemented across the BID area.
Developing innovative schemes to tackle parking provision and congestion in the area.
In the coming months, the Richmond BID team will finalise a BID board which will be representative of the business sector mix in the area, appoint an executive team and develop the work programme for the first term of the BID, which runs for 5 years.
The BID will be funded by a small levy on business rates (1.5%) and voluntary contributions will also be sought from property owners.