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City Centre Business Improvement District (BID)

Meeting: 16/05/2017 - Cabinet (Item 14.)

14. City Centre Business Improvement District (BID) pdf icon PDF 92 KB

Update on the City Centre Business Improvement District (BID) proposed by Destination Bristol to lever £6m of additional income into projects over a 5 year period.

Additional documents:

Decision:

1.  Approved officer recommendation that BCC votes ‘yes’ in the City Centre BID ballot if the business plan fits with the Corporate Strategy and strategic objectives

 

2.  Senior Leadership team to identify the competent officer to exercise this vote

 

3.  Agreed that the annual levy liability that the Council will have to pay will be provisioned for by reducing the grant paid to Destination Bristol