Business leaders in the city are celebrating today after HullBID (Business Improvement District) returned a majority vote in the renewal ballot, ensuring its continued operation for a further term of five years.
With preparations well underway for Hull’s year in the national spotlight as City of Culture 2017, the result is a statement of intent, ensuring that the city centre continues to develop as a thriving retail and leisure destination.
Jim Harris, HullBID Chair and Manager of St Stephen’s Shopping Centre, said: “HullBID has been great for this city for the last ten years. Helping local businesses through a major high street recession and working with us to manage huge changes brought about through both political and technological advances.
“Put aside all the spin and media conjecture, Hull city centre is in both a much better place now than it was ten years ago and, more importantly, ready to embrace the positives the next five years will bring. We need HullBID to make sure we all share in this prosperity.”
First set up in 2006, the not-for-profit organisation consists of a consortium of business owners in the city centre and is funded by an additional levy of 1% of rateable value. Funds are utilised in the operation of CCTV, marketing and promotion, streetscaping and maintenance, employment of uniformed BID Support Officers, and the delivery of successful events such as Hull Fashion Week, to be held this year between 18 and 23 April.
Everyone at sobananapenguin would like to wish HullBID a hearty congratulations. Here’s to another five years of city centre success!
Statistics taken from the HullBID Vote Yes Prospectus