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What is the Totally Truro Business Improvement District (BID)?

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What is the Totally Truro Business Improvement District (BID)?

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‘It’s your opportunity to take charge’ A Business Improvement District (BID) is a business led initiative which gives local organisations the power to ‘raise funds locally to be spent locally’ on improving their own trading environment. It is an investment scheme where local businesses have the opportunity to say how their money should be invested to benefit themselves, their employees, customers and clients. BIDs are good news for City and town centres. They also work. 45 Business Improvement District schemes are already successfully operating in places like Plymouth, Bristol, Bedford, Keswick, London, Lincoln, Reading and Birmingham and are making positive differences for businesses trading in those areas. Truro now has an exciting opportunity to be the first place in Cornwall to create a BID and change the face of trading in Cornwall’s capital. During the past 18 months, you have told us what you feel are priorities for Truro and your comments have shaped this final proposal. Howeve

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