Issue - meetings

Report of the Strategic Director of Place

Presented by the Business and Regeneration Portfolio Holder

Councillor N Rushton left the meeting having declared a pecuniary interest.

Councillor T Gillard then presented the report, which sought Cabinet approval for several proposals regarding the proposed Business Improvement District in Ashby de la Zouch. The report and it’s contents were welcomed by Members as a worthwhile initiative that would empower the local businesses in Ashby to improve their high street. 

It was moved by Councillor T Gillard, seconded by Councillor R Blunt and

RESOLVED THAT CABINET

1)    Reviews the Ashby BID proposals set out in the report.

2)    Delegates authority to the Strategic Director of Place in consultation with the Business and Regeneration Portfolio Holder to make 5 votes in favour of the Ashby BID at the July ballot, subject to satisfactory proposals set out in the final Ashby BID Business Plan.

3)    Subject to the Ashby BID being approved at the ballot, approves the allocation of up to £20,000 from the existing Growth Plan Reserve to fund the estimated costs associated with billing and collection of the BID levy.

4)    Subject to the Ashby BID being approved at the ballot, confirms the allocation of £1,124 per annum (subject to reasonable increases year on year to reciprocate increases to business rates) to fund the levy obligations on NWLDC owned assets.

5)    Recommends that, in the event of a successful ballot, the Full Council approves the proposal for the Council to join the Ashby BID Company and participate in the incorporation of it.

Reason for decision: To seek support from Cabinet for the Ashby BID and, should the BID be approved, approve financial contributions towards the Ashby BID as set out in this report.