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What's in it for my Business and Me?
EVERYONE / THE COMMUNITY
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Attracts inward investment
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Gives competitive regional advantage
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Develops partnership between private & public sector
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Provides sustainable investment for ongoing capital projects/services
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Creates a positive sense of place and enhanced feeling of safety and well-being - provides community pride
BUSINESSES / THE OCCUPIER
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Increases footfall
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Increases consumer spend and sales
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Reduces costs (crime reduction, joint activities, e.g. promotions/marketing)
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Is flexible to address the issues of individual sectors
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Gives businesses a local voice
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Creates more appealing environment for employees
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Gives equal involvement and benefits to all BID businesses
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Fair system, those that invest, benefit - no freeloading
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Can decide and vote for action before making the investment
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Can control process, monitor results
LOCAL AUTHORITIES
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Harnesses private sector management/organisational drive and skills
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Promotes greater understanding of the role of LAs
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Provides an effective means of liaising with the business community
THE LANDLORD
Assists capital value growth
Increases an area's desirability and attracts occupiers
Increase in trade which affects turnover based rents (some retail)
Good PR for company locally and regionally
Forges positive links with council
Last updated: 10/09/2010 12:54:31
