Businesses in Derby’s St Peters Quarter have voted to re-establish the area as a Business Improvement District (BID).
The ballot saw 67.4% of rateable value votes backing the return of the BID.
St Peters Quarter BID will commence operations on April 1 with a budget of £1 million over its five year term to assist in the achievement of its key objectives:
To provide a safe and inviting environment for visitors, workers and residents to enjoy;
To make the area smart and attractive;
To create an enjoyable and easily accessible place to explore for visitors, workers and residents;
To celebrate and promote the area and build the reputation of St Peters Quarter as a great place to shop, relax and be entertained.
St Peters Quarter Board Chair Helen Wathall is Managing Director of Bondholder G Wathall & Son. She said: "We now have the mandate to work together as businesses and with our partners to tackle the issues that we in St Peters Quarter and visitors to the area all face.
“Businesses have engaged enthusiastically in the consultation and planning for the next five years and we are grateful for the time that individuals have devoted and particularly to our project management company Partnerships for Better Business who have coordinated this process.
“Business confidence for the future in the St Peters Quarter BID is strong and this plan provides us with a clear direction and a new exciting era for this important part of the city centre.”
Ian Ferguson, Director of Bondholder Partnerships for Better Business (pfbb UK), said: “BIDs are the fastest growing partnership framework we have seen for decades in the UK and the success of the neighbouring Cathedral Quarter shows just what can be achieved."
John Forkin, Managing Director of Marketing Derby, said: "We are delighted that businesses have backed the St Peters Quarter BID. We work with many investors who want to be part of developing that area - better connecting the Cathedral Quarter and intu Derby."