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Enterprise

New business plans launched as Colmore BID strives to secure 'Yes' vote

Birmingham business improvement district is hoping to win backing from levy payers for a fourth term of office starting next year

A consultation has been launched ahead of voting on the next term of Colmore BID in Birmingham

Funding for green projects and help for hospitality venues are among the plans of Birmingham's Colmore Business Improvement District if it wins backing for a fourth five-year term.

A consultation with levy payers in Colmore Row and the surrounding district has been launched to hear feedback and address queries and concerns ahead of the vote in September.

If successful, the BID has pledged to inject £6.5 million of levy-payers capital into projects and initiatives across the area. Known as the BID4 Business Plan, it will focus on seven key areas.

Among the ideas are the launch of a new creative and cultural strategy to support businesses and organisations in the sector, a new funding round of at least £10 million for green initiatives and public realm and a plan to maximise opportunities for the leisure and hospitality sectors.

Colmore BID also wants to help nurture the next generation of business leaders through events, workshops, mentoring and work placements.

A BID is a precisely defined geographic area in which companies pay an extra levy on top of their business rates to fund additional services such as events and initiatives.

Colmore BID's include the annual food festival, which returns next year after a four-year break, public realm works around Church Street and pods which were installed during the pandemic to enable people to meet and socialise outside.