Our Colchester

Introduction

Our Colchester is a BID to make new history in the town centre. It is a business led partnership that will provide sustainable, consistent investment for Colchester and its businesses, delivering additional not replacement services. Local businesses will be in control of the BID which represents all sectors within its defined area.

On June 29th 2018 businesses voted in favour of Our Colchester BID’s business plan to revitalise and promote Colchester for the next five years after a month-long ballot, in which the BID secured 85% in favour from a 36% turnout and represented 83% rateable value of the votes cast. The BID’s business plan will now rev into gear to tackle all the issues sounded out by local businesses including anti-social behaviour, improved streetscape, marketing and accessibility.

The Our Colchester BID Steering Group – which has been leading the proposed BID – will stay in place until the BID Board and BID Advisory Group are formed and fully operational, which will be by October 1st. Each sector will be represented to ensure the BID is a singular and collaborative voice for one and all. Our Colchester BID will aim to be certified through British BIDs.

Accreditation, an award in respect of internal quality management systems within its first term.

Together, with collaborative working, we can achieve greater things.

Our Colchester Promise

The BID will enhance Colchester Town Centre as a place where people want to shop, live, work, and relax by promoting a high quality, diverse and welcoming environment which is customer focused and investment friendly. Celebrate Colchester’s history and provide a sustainable future.

WHAT IS A BUSINESS IMPROVEMENT DISTRICT (BID)?

A BID is a business-led partnership that enables coordinated investment in the management and marketing of a defined area.  The BID will provide sustainable, consistent investment for Colchester and its businesses. Businesses decide and direct what they want for the area by having a voice on issues affecting the area. A BID charge (known as a levy) is ring-fenced for use only in the BID area – unlike business rates which are paid into, and redistributed, by Government.  It brings additionality of services not replacement services.

Colchester High Street

Photography by Rodger Tamblyn

Local businesses would be in total control of a future BID and it represents all sectors, promoting collaborative working with others to achieve greater things. The benefits of BIDs cited by the businesses they represent are wide-ranging and include:

  • Increased footfall
  • Improved staff retention
  • Collaborative and cohesive marketing strategy for promotion of the town
  • Businesses decide and direct what they want for the BID area
  • BID levy money is ring-fenced for use only in the BID area – unlike business rates which are paid into, and redistributed, by the government
  • Giving the BID area a coherent and united voice
  • Facilitated networking opportunities with neighbouring businesses
  • Dedicated business to business communication, so we all know what’s happening in our area
  • Assistance in dealing with the Council, Police and other public bodies

Our Colchester is the BID for Colchester town centre.

Photography by Rodger Tamblyn

Engaging with you

Over the past year we have gone out and engaged with as many businesses as possible, and are still doing so,  to get your views on what a BID could do to improve our town centre. Our programme of engagement started when Colchester Presents CIC was born out of the existing body of Colchester Town Team. Its objective was to focus on communication and collaborative working within the town centre.

Over the months we have carried out:

  • A feasibility study and survey: 195 responses representing businesses in the town centre, equitable to 15% of all the businesses within the town centre
  • Planning survey: 350 responses from businesses in the town centre consisting of over 50% of businesses with a rateable value of £15,000 or over
  • Workshops: Two visioning workshops were held with a combined attendance of over 30 representatives from the independent sector and other businesses
  • Networking events: We have been and will continue to be attending networking events over the coming weeks to present our ideas and plans
  • We have distributed over 2000 newsletter updates on the development of the BID to businesses in the town centre
  • We presented the BID plans to town centre businesses on 15th May, after an extensive consultation period

Bid FAQs

How long does the BID last?

The maximum period that a Business Improvement District levy can be charged is for 5 years.Once the term is completed the Business Improvement District will automatically cease. If the Business Improvement District Company wants to continue its activities it must hold a new ballot.

How do we pay for all these great business ideas?

The BID will form a levy which goes into pot that will only be used BID area – unlike business rates which are paid into, and redistributed, by Government. It brings additionality of services not replacement services. The levy rate to be paid by each property or hereditament is to be calculated as 1.5% of its rateable value as at the ‘chargeable day’ (notionally 1st October each year). Only businesses with a rateable value of £14,999 or more will be eligible for payment of the levy. The number of properties or hereditaments liable for the levy is circa 491. From 2019 onwards, the levy rate will be increased by the fixed rate of inflation of 2% per annum. The levy will be charged annually in advance for each chargeable period (October to September each year),

How would a BID work in Colchester?

Our Colchester BID will action its business plan to provide sustainable future for the town centre, led by businesses within the BID zone. There will be a controlling body formed which will be made up of different business types in Colchester town centre.

Threshold, Caps & Exemptions

All properties or hereditaments with a rateable value of £14,999 or more will be eligible for payment of the levy. Occupiers within shopping centres that are subject to a service charge will pay 1.2% of their rateable value. Charitable organisations that are subject to relief on their business rates liability will also pay a levy of 1.2%. Both the Sixth Form College and Colchester Institute are exempt from paying the levy. The Licensing Authority currently does not have a policy to introduce a Late Night Levy during the term of the BID. The maximum amount payable for any one hereditament has no cap.

Who are we?

We are a BID steering group primarily formed of members from the Colchester Presents Community Interest Company (CIC). We are however looking for additional members for our steering group across all sectors so if you would like to be involved please do contact us.

We are dedicated to ensuring our town centre prospers into the future, by providing high quality services that businesses want, and by building a vision for our marvellous town centre that customers and businesses alike can embrace.

We do hope you will support Our Colchester BID. We look forward to working with you.

How can I find out more information?

You can find the full BID business plan here or make contact via email at hello@ourcolchester.co.uk, like us on Facebook and follow us on Twitter for more updates.

When does the BID start?

Autumn 2018.

Has this BID worked elsewhere?

Yes. There are over 280 BIDs in the UK and this number is growing. Many of these BIDs have been in existence for a number of years. The first BID in the UK was Kingston, Surrey, in 2005. Nearby BIDs to Colchester include Ipswich and Southend. One is currently in the process of being established in Chelmsford.

What does the BID area look like in Colchester?

The BID zone covers most of the town centre and you can see the full parameters of where the area falls in the full business plan here.

Can businesses and organisations who don’t pay a levy also contribute?

Yes, in other BID areas where businesses have been removed from paying the BID levy or if they are outside of the BID boundary, they can opt to become a ‘Friend of the BID’ and make a voluntary or in-kind contribution.

How will the BID board be formed?

The BID board will be formed of representatives from the local businesses and organisations that pay the BID levy. The BID board can feature observers from businesses and organisations who do not pay the BID levy but who have an interest in the BID area or services (e.g. a representative from the police or representatives from smaller independent traders), although they will not have voting rights.

How can I join the BID Board?

There are multiple positions available on the BID Board, including Board Director roles, and roles within both the BID Advisory Group and BID Focus Group. You can find more information about the BID’s strategic aims and the role requirements here.

Our Colchester BID is accepting applications for all BID Board positions until Monday 6th August, with interviews to be held on 20th August.
To apply for any of these roles, please download and fill in our Application Form. Completed forms should be emailed (with a CV included) to hello@ourcolchester.co.uk before the 6th of August deadline.

If you have any queries regarding the application process, please email hello@ourcolchester.co.uk

How long does the BID last?

The maximum period that a Business Improvement District levy can be charged is for 5 years.Once the term is completed the Business Improvement District will automatically cease. If the Business Improvement District Company wants to continue its activities it must hold a new ballot.

When does the BID start?

Autumn 2018.

How do we pay for all these great business ideas?

The BID will form a levy which goes into pot that will only be used BID area – unlike business rates which are paid into, and redistributed, by Government. It brings additionality of services not replacement services. The levy rate to be paid by each property or hereditament is to be calculated as 1.5% of its rateable value as at the ‘chargeable day’ (notionally 1st October each year). Only businesses with a rateable value of £14,999 or more will be eligible for payment of the levy. The number of properties or hereditaments liable for the levy is circa 491. From 2019 onwards, the levy rate will be increased by the fixed rate of inflation of 2% per annum. The levy will be charged annually in advance for each chargeable period (October to September each year),

Has this BID worked elsewhere?

Yes. There are over 280 BIDs in the UK and this number is growing. Many of these BIDs have been in existence for a number of years. The first BID in the UK was Kingston, Surrey, in 2005. Nearby BIDs to Colchester include Ipswich and Southend. One is currently in the process of being established in Chelmsford.

How would a BID work in Colchester?

Our Colchester BID will action its business plan to provide sustainable future for the town centre, led by businesses within the BID zone. There will be a controlling body formed which will be made up of different business types in Colchester town centre.

What does the BID area look like in Colchester?

The BID zone covers most of the town centre and you can see the full parameters of where the area falls in the full business plan here.

Threshold, Caps & Exemptions

All properties or hereditaments with a rateable value of £14,999 or more will be eligible for payment of the levy. Occupiers within shopping centres that are subject to a service charge will pay 1.2% of their rateable value. Charitable organisations that are subject to relief on their business rates liability will also pay a levy of 1.2%. Both the Sixth Form College and Colchester Institute are exempt from paying the levy. The Licensing Authority currently does not have a policy to introduce a Late Night Levy during the term of the BID. The maximum amount payable for any one hereditament has no cap.

Can businesses and organisations who don’t pay a levy also contribute?

Yes, in other BID areas where businesses have been removed from paying the BID levy or if they are outside of the BID boundary, they can opt to become a ‘Friend of the BID’ and make a voluntary or in-kind contribution.

Who are we?

We are a BID steering group primarily formed of members from the Colchester Presents Community Interest Company (CIC). We are however looking for additional members for our steering group across all sectors so if you would like to be involved please do contact us.

We are dedicated to ensuring our town centre prospers into the future, by providing high quality services that businesses want, and by building a vision for our marvellous town centre that customers and businesses alike can embrace.

We do hope you will support Our Colchester BID. We look forward to working with you.

How will the BID board be formed?

The BID board will be formed of representatives from the local businesses and organisations that pay the BID levy. The BID board can feature observers from businesses and organisations who do not pay the BID levy but who have an interest in the BID area or services (e.g. a representative from the police or representatives from smaller independent traders), although they will not have voting rights.

How can I find out more information?

You can find the full BID business plan here or make contact via email at hello@ourcolchester.co.uk, like us on Facebook and follow us on Twitter for more updates.

How can I join the BID Board?

There are multiple positions available on the BID Board, including Board Director roles, and roles within both the BID Advisory Group and BID Focus Group. You can find more information about the BID’s strategic aims and the role requirements here.

Our Colchester BID is accepting applications for all BID Board positions until Monday 6th August, with interviews to be held on 20th August.
To apply for any of these roles, please download and fill in our Application Form. Completed forms should be emailed (with a CV included) to hello@ourcolchester.co.uk before the 6th of August deadline.

If you have any queries regarding the application process, please email hello@ourcolchester.co.uk

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