LATEST NEWS about the Peterborough BID
BUSINESS SUPPORT – updates, help and advice
PETERBOROUGH POSITIVE’S BUSINESS PLAN
The Business Plan outlines the BID’s future priorities. These priorities have been shaped by city centre businesses through multiple surveys, events and discussions.
Read the Business Plan now and find out the BID’s priorities for its five-year term.
Peterborough’s Business Improvement District gets a Yes from local businesses
Peterborough Positive is delighted to announce that the city’s Business Improvement District (BID) scheme will be going ahead after a successful ballot in Autumn 2021.
The ballot received almost 84% of Yes votes in the ballot to secure £1.8 million of funding for Peterborough city centre over the next five years.
What is it?
Peterborough Positive is the city’s Business Improvement District (BID) campaign, and is one of the most exciting initiatives developed by the local business community in recent years.
Representing over 400 businesses and organisations, Peterborough Positive is focused on delivering an ambitious business plan to transform the city centre – improving experiences, standards and adding value for all city users.
Leading on innovative projects and providing key investment, it aims to make the city centre a cleaner, safer and more welcoming place, raising its profile nationally with new, diverse and prestigious events and exciting marketing campaigns.
How does it work?
Businesses within the BID area with a rateable value of £15,000 or above are required to make an annual contribution (a levy) of 1.5%, resulting in approximately £350k investment per year into the city centre – or roughly £1.75m over the BID’s initial five-year term.
When does it happen?
Peterborough Positive held a Ballot vote in autumn 2021 to determine if the BID would be adopted. All business rate payers valued at £15,000 and above in the BID area had a vote on the proposals.
The BID was successfully voted in and its first five-year period commenced in April 2022.
Sign up today
If you own a business that is located within the Peterborough BID area, please complete the below form to be added to our mailing list to receive regular updates about the BID.
IT'S TIME TO JOIN US
We'd love to tell you more about why we think a BID is important for Peterborough, and hear your views. We are hosting a series of events and encourage you to attend one to meet other businesses, and find out more.
THIS IS OUR TIME
Take a look at some other successful BIDs
Cambridge
Leeds
Lincoln
Newcastle
Get in touch - it's time to raise our city.
Sign up today
If you own a business that is located within the Peterborough BID area, please complete the below form to be added to our mailing list to receive regular updates about the BID.
Where is the BID area?
The Peterborough BID area is focused around the city centre, and encompasses over 400 businesses, across a wide variety of sectors.
If you're one of the businesses within the area and you've not already been in touch with us, we'd really love to hear from you.
