Penzance BID preparations kick off on Thursday 5 Sep in the Queens Hotel (17.45 for 18.00 start). The Penzance BID Steering Group will meet with Josyanne Thatcher, Cornwall Council’s BID Development Officer for the first time. Josyanne will be briefing the Steering Group on the BID development process and the timetable for the Penzance BID.
Also on the agenda for Thursday is definition of the Penzance BID boundary – the area within which business ratepayers will be paying the BID levy.
You can view the BID boundary used to confirm the viability of a Penzance BID here. A 2% levy on business rates in this area raises approximately £185,000/year (both St Austell and Camborne have choosen a 2% levy).
The Penzance BID Steering Group (membership here) met for the first time (without Cornwall Council involvement) on 9 July 2013. Meeting notes are available here.
For a concise explanation of a BID go to ‘British BIDs’ here .