Ashbourne Business improvement district
A Plan to build a Thriving, Sustainable Future for Local Businesses
Ashbourne BID is an opportunity for businesses and organisations to take a lead in the management and improvement of Ashbourne across three proposed key themes.
£1 million added value private sector led investment
Born from the work of the Ashbourne Town Team, the BID Steering Group has developed a five-year plan that puts businesses at the heart of decision-making. This private-sector-led initiative will strengthen collaboration, ensuring that Ashbourne businesses can shape the town’s future and unlock new opportunities for growth.
What is a business improvement district (BID)?
A BID is an opportunity for businesses and organisations to take a lead in the management and improvement of Ashbourne.
Additional Investment Led by the Private sector
Born from the work of the Ashbourne Town Team, the BID Steering Group has developed a five-year plan that puts businesses at the heart of decision-making. This private-sector-led initiative will strengthen collaboration, ensuring that Ashbourne businesses can shape the town’s future and unlock new opportunities for growth.
WHERE DOES THE INVESTMENT COME FROM?
The investment will principally come from a small additional levy paid by each premises (hereditament) within the BID area with a rateable value above £8,000. The proposed model for Ashbourne would see the cost for the average sized premises being £1.86/day equivalent. 60% of premises with a ratebale value above £8,000 would pay less than £1 / day towards the BID.
Together this will raise an investment of over £1m, over 5 years, which we expect will lever in additional funding from a range of sources
WHO DECIDES IF THE BID IS TO BE INTRODUCED?
All eligible premises will be able to take part in a 28-day postal ballot vote to approve or reject the BID proposal
If a majority vote in favour of the proposal from the number of votes cast, and this represents a majority in level of rateable value from votes cast in favour of approving the proposal, the BID will come into operation from late 2025 or early 2026, when all premises with a rateable value above £8,000 would pay a small annual levy (equivalent to 2% of their rateable value) to fund investments planned by the BID.
This proposed draft plan for Ashbourne BID sets out three potential themes for investment and associated projects where a BID will make a pivotal impact:
Theme 1
A Stronger Voice for Business and Enterprise
Theme 2
An Enhanced Ashbourne Experience
Theme 3
Positioning and Promoting Ashbourne
Full details of the proposed projects for each of these themes are available for you to review in the Ashbourne BID draft plan:
SHARE YOUR THOUGHTS ON THIS PLAN FOR A BUSINESS IMPROVEMENT DISTRICT IN ASHBOURNE
Once you have reviewed the key themes and proposed projects within this draft plan, please provide your feedback through completing the online feedback form.
Contact the BID Project Team
John Graham
07826 907742
Andrea Morley
07483 932667
Lynn Riley
07483 932498
© Ashbourne Business Improvement District