On Thursday 22 June 2023, Colmore BID, one of the UK’s leading Business Improvement Districts, announced the official launch of its highly anticipated BID4 Business Plan for 2024-2029.
Since starting the consultation period in January 2023, Colmore BID has been closely engaged with the local business community, seeking valuable feedback and suggestions through various interactive activities.
The consultation period played a vital role in refining the BID4 Business Plan and this significant milestone marks the culmination of an extensive consultation process which involved over 2,000 individuals receiving the consultation document, over 60 meetings with voter contacts and holding 7 consultation events to shape the future of the District and the surrounding areas.
Colmore BID delivers a wide range of projects to the District, from award-winning public realm schemes and Colmore Food Festival to Welcome to Birmingham and a committed team of security officers to make the area a safe and secure place.
Through the launch of the Business Plan, Colmore BID is committed to improving the District for organizations, residents and visitors through:
- Creating outstanding places
- Increased accessibility and sustainability
- Delivering creative and cultural activities
- Increasing footfall to the District’s hospitality and leisure venues
- Delivering a safe and secure environment
- Building and growing the District’s business community
- Developing the District’s community of young professionals
- Collaborating, taking a lead and finding opportunities
Subsequently, between Thursday 28 September and Thursday 26 October 2023, Eligible Voters will be given the opportunity to vote on the proposal for Colmore BID 2024-2029. The results will be announced on Monday 30 October 2023.
If successful Colmore BID’s fourth term will commence on 1 April 2024 and will enable the BID to actualize its ambitious vision for the area, with local businesses investing over £7.5 million across five years.
Nicola Fleet-Milne, Chair of the Colmore BID Board, commented: “It is our vision as a BID to make the Colmore Business District a desirable place for everyone who works, visits or lives here. We strive for businesses and their employees to have lots of ways to communicate with one another to allow for innovation and communication.
“Following the launch of the Business Plan, we are now focused on the execution of our BID4 promises and the start of the postal ballot in September. The ballot will determine Colmore BID’s future and will hopefully lead to the continued success of the District and the broader city.”
Read Colmore BID’s BID4 Business Plan here.
Find out more about BID4 here.