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Business Improvement Districts Wales

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Minister with responsibility for regeneration in Wales has congratulated a group of nearly 240 businesses in Pontypridd for successfully establishing a Business Improvement District.
Minister visited high streets and town centres in Ammanford, Fishguard and Aberystwyth this week to see how their Welsh Government funded regeneration projects are progressing.
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We are providing £203k funding to support the development of 10 Business Improvement Districts proposals in Wales.

Business Improvement Districts (BIDs) bring together businesses and other stakeholders in a defined geographical area, so they can develop projects and activities which will help boost the local economy.

All local authorities in Wales were asked to look at how a BID could make a difference to the local economy and then discuss their ideas with businesses and the wider community.

The following BIDs in development applications were successful:

  • Bridgend
  • Caernarfon
  • Bangor
  • Llanelli
  • Pontypridd
  • Neath
  • Aberystwyth
  • Abergavenny
  • Pant & Merthyr Tydfil Industrial Estates
  • Colwyn Bay.

The funding has been used to appoint consultants to help local partnerships develop BID proposal. The consultants have been providing guidance, advice and support to the local partnerships to give each proposal the best possible chance for success.

The organisations in each of the proposed BID areas will vote on whether to pay an additional levy. If they vote yes, a new BID will be created and the levy will pay for its activities and projects.

There are currently eight BIDs in Wales covering areas in Swansea, Merthyr Tydfil, Newport, Bangor, Caernarfon, Colwyn Bay, Neath and Llanelli.

The following BIDs are being supported by the Welsh Government:

Document Download

PDF Document (MFS)
Supporting Documentation (File size: 1.31MB)
PDF Document (MFS)
Handbook (File size: 511KB)
PDF Document (MFS)
Frequently asked questions (File size: 27.7KB)