21st May 2018
Businesses in the heart of Haverhill could be given greater power over how their money is spent, under a new exciting venture launched this week.
ONE Haverhill Partnership has announced plans to create a Business Improvement District (BID) in the town centre – amid estimates that it could see a further £1 million in making improvements and enhancing the economy.
Working in conjunction with the Suffolk Chamber of Commerce Haverhill & District, ONE Haverhill Partnership are now kick-starting a campaign to win business support.
Two public meetings will take place in June ahead of a vote of every affected business which will determine whether a Haverhill BID will be created.
John Mayhew, chair of ONE Haverhill Partnership, said: “The idea of a Haverhill BID first came out of the Town Centre Masterplan and we think this is a perfect opportunity to make further improvements.“
Haverhill has a thriving mix of big and small national chains and independent shops and we want to offer them a greater say over how their money is spent.“
Initial estimates suggest that the BID could raise £200,000 every year for five years – so we might be looking at £1 million going directly into improving our town centre and local economy.”
Business Improvement Districts have already been created in Bury St Edmunds, Newmarket and Ipswich with increased spending on the likes of Christmas lights and big events designed to increase the footfall in and around the town.
The BID area in Haverhill would incorporate businesses located around the High Street, including Queen Street, as well as those in Ehringshausen Way and the Tesco superstore in Cangle Road.
The council would have to pay into the fund as buildings such as the Arts Centre and leisure centre attract business rates – while the BID agreement would also include a written agreement that local councils continue with their existing funding in the town.
Businesses can learn more about the plans in two public meetings that have been organised by ONE Haverhill Partnership.
The first is at 8.30am on Tuesday 5 June and the second is at 6pm on Tuesday 12 June, both at Haverhill Arts Centre.
If any business or individual has any questions ahead of the meetings, please email firstname.lastname@example.org.