A successful BID for Neath
Neath Port Talbot Council has been successful in securing Welsh
Government funding to develop plans for a Business Improvement
District (BID) in Neath Town Centre.
Once established, a BID delivers a sustainable financial model
to a defined geographical area where businesses have voted to
invest collectively in local improvements, in addition to those
delivered by statutory authorities.
Bringing together local businesses and other partners, BID's
have proved to be an effective structure for improving the trading
environments and profitability of towns and cities around the
world. Used in areas as diverse as Merthyr Tydfil and Manhatten,
BIDs are developed, managed and paid for by the commercial sector
by means of a BID levy to fund physical environmental
The findings from an initial scoping study indicated a number of
issues for a potential BID to such as improving gateways into the
town, looking at parking options and promoting Neath as a
distinctive visitor destination that is safe during the day and
The £25,000 funding award will be used to appoint a consultant
to work with the local business community and Neath Port Talbot
Council to develop the BID concept, aims, vision and outline an
implementation strategy. The consultant will guide and advise the
local partnership and provide the necessary support to give the
prospective BID the best possible chance for success.
Following their appointment, expected to be within the next
month, the consultants will immediately begin the work necessary to
make the decision on whether the BID proposal will be progressed to
a formal delivery stage. At this stage the local authority, on
behalf of the local BID group, will report to the Welsh Government
on the decision and the reasons behind it.
The Welsh Government is supporting the development of additional
BIDs in Wales as part of its commitment to encourage economic
development and to deliver its new regeneration framework, Vibrant
and Viable Places.
Welcoming the announcement Neath Port Talbot Council Leader,
Cllr Ali Thomas, said: "The award of this funding will allow the
local authority and the Neath business community to work together
more effectively towards our shared vision for a vibrant and
sustainable town centre. The creation of a Business Improvement
District would strengthen the regeneration work already under way
in the town and help to deliver lasting benefits to businesses,
residents and visitors".
"High streets up and down the country are facing a challenging
trading environment and Neath is no exception, but despite this the
town boasts one of the lowest vacancy rates in the region.
Establishing a BID will enable Neath to build further on its many