Partnerships for Better Business (UK) LLP
Looking after our
Business Improvement Districts
and Town and City Centre centres
Headlines:
• Town Centres are loosing customers – footfall down 10% in 3 yrs
• Vacancy rates are high - ave 14%
• Increasing competition – multi media
• High Street space fell 11.8% and shopping centre rose 34.2% in last decade
BRC-KPMG
Portas Review
• Government response – accepted nearly all recommendations
• 12 Pilots – range of locations
• Second phase results to be announced
• “Town Teams” must include planners
High Street Innovation Fund
“high streets cannot simply rely on retail – they have to offer something new and different that neither shopping centres nor the Internet can match.”
Letter to Chief Executives from DCLG
City and Town Centre Management
A wide variety of partnerships across the UK
Supported by the ATCM• A tried and tested formula . . . – Bring the right people around the table– Share a Vision for the Future– Have a Plan!– Put it into Action!– Ensure sustainability– Communicate Success
AdditionalitySpecific proposal:
• All businesses have a voice • Focus on delivery• Additional services• Direct business benefits• Fair and equitable levy• Up to 5 years
Put to a vote:• Occupiers vote• Dual majority
Increasing Confidence
Ave Ave Turnout
by No by rates
1st Ballots 74% 72% 45%
2nd Ballots 76% 80% 48%
Successful BIDs• Where the BID is:
– managed, coordinated and delivered by the businesses of the BID
– an effective and cohesive business community organisation delivering value for money.
• BID Management team focuses on:– front end project delivery in line with the BID business plan
commitments
– using core competencies of suppliers
– working closely with partners,
– minimising sub-contracting relationships, with the overall coordination and control being in the hands of ‘project manager’ wherever possible.
St Peters
Street
Westfield Extension
Cathedral
Cornmarket
Green
Lane
Eagle
East
Street
Sadler
Gate
© Crown Copyright. All rights reserved. (100024913) (2008)
The Spot
Value
Mass
Premium
22%
Westfield Extension
Ark & Canopy – Sadler Gate
27%
42%
14%
27%
83%
88%36%
Friar Gate
Independent
Multiple
93% % Indep.
Understand your offerMarket Position and Multiples v Independents
Everything must work together
• Understand your:– Local population– Offer of the town or city
• Build on your strengths
• Have a plan
• Work in real partnership
• Monitor your performance