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Minister congratulates the Bay of Colwyn on its successful BID to boost the local economy

This press release was published under the 2011 - 2016 Welsh government

Minister with responsibility for regeneration in Wales, Lesley Griffiths, has congratulated a group of 850 businesses in the Bay of Colwyn for successfully establishing a Business Improvement District (BID).
Friday 27 November 2015

A BID is an innovative way of bringing local businesses together to improve their local trading environment and increase their profitability by pooling their resources and working as a team.

The Welsh Government has provided £203,000 to support the development of 10 BID proposals in Aberystwyth, Bridgend, Llanelli, Abergavenny, Pant & Merthyr Industrial Estates, Pontypridd, Caernarfon, Bangor and Neath, in addition to the Bay of Colwyn .

Each of the 850 businesses involved in the Bay of Colwyn BID, which covers Mochdre, Rhos-on Sea, Colwyn Bay and Old Colwyn, will make an annual financial contribution which is expected to generate £1.25 million over five years. This funding will be used to:

  • enhance the area’s reputation as a vibrant destination for visitors, by developing a distinctive Bay of Colwyn brand, running fun campaigns and promotions, and creating a full calendar of exciting events
  • improve accessibility by developing a parking strategy and upgrading signage, maps and guides
  • develop bespoke and appropriate schemes to support business growth and job creation in Mochdre, Rhos-on Sea, Colwyn Bay and Old Colwyn
  • create a more welcoming and vibrant environment through improving the appearance of derelict sites and vacant buildings
  • develop the links between the sea front and the high quality event venues and facilities in the area.

It is hoped this range of measures will increase footfall to the Bay of Colwyn and enrich visitors’ experiences, making them want to return time and time again.

The Minister said:

"Congratulations to the local businesspeople who have worked together on their successful BID.

"The Bay of Colwyn has internationally acclaimed businesses, a superb coastal environment and fantastic facilities such as those at Eirias Park. However, changing lifestyles, more competition, and internet shopping mean our towns and communities must do all they can to remain interesting and vibrant places to visit.

"This is why I am pleased to have provided £25,000 to support the creation of this BID which will help the Bay of Colwyn maximise its assets, increasing visitor numbers and investment."

 

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Housing and Regeneration 27 November 2015 Regeneration Mid Wales North Wales South East Wales South West Wales
 
 

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