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Recent Quote

“It is up to the business community in each area to make the most of the opportunity a BID provides as experience shows they can have a significant impact in strengthening an area’s economic outlook and in increasing profits for those businesses that are paying for the improvements”.

Jim Ferguson, Managing Director of The Castle Group, Chairman of the Inverness Crime Prevention Panel and ICCM Board director)

 

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Your BID Questions Answered
Why Inverness?

No one agency can solve the challenges that Inverness Old Town faces. It's clear that a partnership of organisations from the private sector need to collaborate on the centre's future.

  • BIDS offer a fair and affordable way to raise substantial funding for major projects removing the opportunity to take part without an investment.
  • BIDS can deliver additional services that the Council does not and is not obliged to provide.
  • BIDS give shopkeepers the power to improve their trading environment in ways that will draw more visitors and increase business.

Eastgate Center
Eastgate Center
Inverness City Centre needs a strong and united business driven mechanism, in collaboration with a supportive public sector, to help stimulate a proactive and positive response to the challenges it faces. A BID is the ideal vehicle to tackle these challenges. This is because it will bring together all landowners and businesses with a common interest in the future prosperity of Inverness City. These include the Police, the Council and a range of small and larger businesses who will be paying the BID levy if the BID proceeds. As a not-for-profit organisation Inverness BID will be eligible to apply for grants to tackle crime and promote the liveability of Inverness City Centre.

In the context of future threats, especially from out-of-the-centre competitors, it is important that additional resources be applied to improve the appeal of Inverness City Centre now in anticipation of the completion of this development. This needs physical works but also a co-ordinated marketing programme among all businesses with an interest in the future of Inverness City Centre.

There is no recommended length of time for a BID to be in place but it cannot exceed five years. When a BID comes to an end it can be extended or renewed but this must be approved by a new vote.

The Inverness BID will initially operate between 2007 and 2012, and after this it can be extended or renewed, subject to a new vote.

The impact of the BID will be far greater than the "purchasing power" of the BID levy itself.

Why BIDs for Leisure and Hotels Sector?

  • Enabling businesses to offer a safer and more secure environment in Inverness for their customers through the Safe and Secure programme (safeinverness)
  • Assist visitors and tourists to easily and quickly locate Inverness key leisure venues through the ambassadorial programme
  • Deliver a seasonal marketing and events programme that will ensure that there is always something to see, somewhere to go and something to do for our customers and visitors to Inverness

Why BIDs for Retailers?

  • Increased footfall as a direct result of an improved business environment will generate additional retail sales
  • Increased consumer spending can and does lead to increased profit
  • Reduction in retail crime through additional focus on crime and safety
  • A cleaner and safer trading environment in the shopping areas of Inverness
  • Sustained investment in the BID area over a five year period

Why BIDs for the Office Sector?

  • Your clients' perception of your business will be improved by a positive experience of the locality of the Inverness Old Town
  • A unique opportunity to have your say about making a positive impact on business location
  • A strong business voice on issues that matter to you in your business location
  • Improved working environment in Inverness will promote your ability to retain good staff and will enable you to minimise loss of expertise
  • A pleasant working environment will promote minimal staff turnover
  • Controlled staff turnover will deliver an improved bottom line

Why BIDS for Property Owners?

  • BID Inverness will be the first time that we unite the property owners of the BID area for their common objectives.
  • Estate does not seek change for changes sake but seeks to improve on what is already good about the area and to enhance, and enrich it for all our lives
  • The most important building improvement is beyond property owner control; you cannot move your houses to a better area and houses in the best neighbourhood can command a price more than a third higher than a similar property in an average area.
  • The BID know what buildings are in poor condition and as such badly influence and reduce the value of the neighbourhood.  There is a wide choice of second-hand office space immediately available in Inverness City. The BID will work hard at ensuring that the environment and infrastructure meet the requirements of its cutting edge occupiers. Occupational costs and wages are highly competitive when compared with many other Scottish, prime UK locations and European cities. The BID will get round the table with its inward investors and introduce them to the people and partners who can make their relocation to Inverness City as easy as possible.
 
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This site provides an overview of the Inverness pilot BID project. It does not represent the formal BID business
plan for Inverness. This will be published once consultations are complete.
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