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Minister congratulates Bangor and Caernarfon on their successful BIDs 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 businesses in Bangor and Caernarfon for successfully establishing Business Improvement Districts (BID) in the two areas.
Friday 25 September 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, Abergavenny, Bridgend, Llanelli, Neath, Pant & Merthyr Industrial Estates, Pontypridd, Colwyn Bay, as well as Caernarfon and Bangor.  

The announcement comes during High Street Week - the highlight of the Welsh Government’s Support Your High Street campaign, which encourages people across Wales to make use of the quality shops and services available locally.  

Each of the businesses involved in the Bangor and Caernarfon BIDs will make an annual financial contribution to make the areas more attractive and profitable for business. The contribution is expected to total around £635,000 in Bangor and £430,000 in Caernarfon, and will be used to:

  • Develop marketing and promotional activities to promote the areas as attractive destinations for visitors and local residents.
  • Help existing business grow and improve through networking, training, mentoring and collective purchasing.
  • Offer enterprise opportunities through pop-up shops.
  • Improve the appearance of the areas by giving shop-fronts a make-over, cleaning public services and improving safety. 
  • Develop a programme of key events to draw in visitors.

The Minister said:

“Congratulations to the local businesses who have worked together on these two successful BIDs.

“Bangor and Caernarfon are prominent, historic parts of North Wales with many high quality shops and local services on offer. However, people’s shopping habits are changing rapidly and our towns and high streets must do all they can to embrace this change to ensure they remain interesting and vibrant places to visit.

“This is why I am pleased to have provided £25,000 to Gwynedd Council to support the creation of these BIDs which will help ensure Bangor and Caernarfon remain popular and thriving. This announcement is a fantastic way to end High Street Week and I wish the BIDs well as they start work.”

Economy Minister, Edwina Hart said:

“I am very pleased that local businesses have decided to establish Business Improvement Districts in Bangor and Caernarfon. This will bring investment to the town and city centres and improve the profitability of local businesses by pooling their resources and talent. The Welsh Government is committed to supporting the regeneration of our high streets.”

 

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Business Improvement Districts Wales

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Housing and Regeneration 25 September 2015 Programme for Government - Growth Regeneration North Wales
 
 

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