October's Insight by Chris Turner


Only a month ago, in the September Insight, we were speaking of a new Prime Minister and Chancellor, with a new growth strategy! Much has clearly changed and continues to change. BIDs are having to keep abreast of the developments as they affect our levy payers, their energy bills and mortgages and also their customer and clients' incomes. For those who haven’t managed to keep up with it all, the BBC as ever is a pretty comprehensive source. As you know, the commentators are suggesting that it looks as if things are going to get a great deal worse until they hopefully start to get a little better, find out more here.

The business responses to all these major twists and turns have been pretty blunt. Business leaders are calling for more stability after Chancellor Jeremy Hunt's mini-Budget bonfire and want a clear roadmap out of the economic turmoil. Shevaun Haviland, director general of the British Chambers of Commerce, said that the Government once again risks a 'cliff-edge' by scaling back on the energy support pledge which will only target the most vulnerable after April. David Hudson, restructuring advisory partner at FRP, said: "After all the disruption of the last few weeks, these latest changes bring the picture for businesses nearly completely back to its starting point. "Management teams will have picked-up on the Chancellor’s warnings that there will be more difficult decisions for the Exchequer in the months ahead, heralding the potential further changes to come." Tim Sarson, Head of Tax Policy at KPMG UK, said the statement may bring a 'period of calm' to tax policy. He said the new Chancellor is looking to prioritise market stability over growth for the short to medium term. The largest fiscal announcement in the new Chancellor’s statement was a Treasury led review into how to support households and businesses beyond April 2023 in relation to energy prices. And he pointed out one noticeable absence from the announcement was any comment on investment zones, a key pillar of the Prime Minister’s leadership campaign.

One key part of the current government policy that has been supported and taken forward by some BIDs has been the Levelling Up agenda and the Prime Minister is clearly looking at ways to finesse that, find out more here. The government’s proposed new investment zones would be central to achieving levelling up and some BIDs are involved in these. Apparently, Councils and combined authorities have submitted “hundreds” of investment zone bids the levelling up secretary revealed, as he promised that the Treasury would find new money to support their implementation.

Everyone who overnights in Wales, whether it be in a luxury hotel, a cosy holiday cottage or the most basic campsite, may face a “visitor levy” under a hugely controversial Welsh government scheme, you can read more here. The Welsh government has launched a consultation on the proposal that could result in almost all visitors – including Welsh residents staying away from home – being taxed for their stays. It argues that the idea is to raise money that local authorities will be able to reinvest to improve tourist spots and engender a feeling of “shared responsibility” between residents and visitors. The proposals have been fiercely criticised by many tourism businesses who worry a levy could make Wales seem less welcoming, especially as the consultation comes at a time of the cost-of-living crisis. There is no denying that such a levy exists across much of continental Europe, but of course BIDs are very rare there; many would see a BID as a far more useful solution to the problem.

Business Rates and the outcome of the 2022 revaluation is fast approaching for the 2023 business rate bills https://avison-young.foleon.co.... The government is able to keep the tax take from Business Rates constant by amending the Universal Business Rate [UBR] to ensure ‘fiscal neutrality’ across the country. It was expected that the English Uniform Business Rate (UBR) would rise to 50.7p. However, the UBR estimate has now been upgraded to 52.5p from April 2023. These calculations reflect the Chancellor's decision to freeze the inflationary increase applied to calculate the 22/23 UBR. The biggest increases will be in the industrial sector, in particular logistics, with values increasing by 23.2% across England. Retail will see dramatic falls in rateable values, fuelled by the growth of online sales and the resultant decline of traditional retail. However, strong variations between the retail sub-sectors (high street, retail parks and supermarkets) will be seen. Overall, the decline for retail businesses across England averages 25.7%. The office sector is showing limited growth between the two revaluations. A minimal uplift of 4.3% nationally is expected. Many BID levy payers will be affected by these changes, as will many BIDs, as the rateable values in the 2022 review affect those BID arrangements linked to the new 2023 lists.

The government Start Up Loan fund has been increased and widened, with 33,000 new loans for small businesses under the £900 million government scheme for businesses trading for up to 3 years. Start Up Loans provide a fixed interest rate of 6%, as well as mentoring, support and funding to aspiring business owners across the UK, providing support to those who might find it difficult to secure loans from traditional lenders. Alongside this, a new second loan will be available to businesses operating for up to 5 years, providing eligible businesses between 3 and 5 years old a much-needed government-backed finance to support their expansion at a crucial juncture.

It was good to read in Hansard that Dehenna Davison, Parliamentary Under Secretary of State (Department for Levelling Up, Housing and Communities) announced that “Business Improvement Districts (BIDs) have a significant role to play in regeneration of high streets and towns across England. Published in April 2022, British BIDs’ spring report states that BIDs contribute approximately £145 million each year to their communities. Many BIDs deliver a range of projects which help to regenerate the local area, from funding ambassadors to act as a visible and welcoming presence on city streets, to undertaking projects which help to keep the BID area clean and safe.”

Ballots continue, despite the difficulties of Postal Strikes that are affecting many of them. We wrote directly to the fifteen or so BIDs that are in ballot at the moment. Congratulations to seven BIDs: Huntingdon First, BID Clifton Village, Durham BID, Bristol City Centre, Wilmslow BID, Bishops Stortford and Penge BID on their successful ballot results. Unfortunately Rediscover Peterhead has been unsuccessful in their ballot.

We have two major contributions on BIDs and Crime at our National BIDs Conference on November 3, and the Police have suggested that, following the success of Operation London Bridge after the death of her majesty the Queen, where they say that the assistance and support provided by BIDs and BCRPs was outstanding, they would like to build on this success for general business matters and of course for future major events. They propose to trial a monthly drop in (online) meeting where members of their team will be available to answer any questions raised by BIDs, you will be able to drop in and out as you wish. The first 2 will take place Thursday 3rd November and 1st December 1000-1200 via this link: click here to join the meeting.

As ever, the British BIDs training programme continues, the details and dates are here and do please contact either I or Shayni Langhelt on shayni.langhelt@britishbids.info for more details.


Professor Christopher Turner, Chief Executive, British BIDs

Latest Articles

NOVEMBER'S INSIGHT BY CHRIS TURNER

POSTED ON: 19/10/2022

10 key considerations from The National BIDs Conference

POSTED ON: 19/10/2022

A PRO-BUSINESS (AND NOT SO MINI) BUDGET FROM OUR NEW CHANCELLOR

POSTED ON: 19/10/2022

September's Insight by Chris Turner

POSTED ON: 19/10/2022

National BID Awards 2022

POSTED ON: 19/10/2022

August's insight by Chris Turner

POSTED ON: 19/10/2022

July's Insight by Chris Turner

POSTED ON: 19/10/2022

Leadership race: Businesses need competent hands on the tiller

POSTED ON: 19/10/2022

JUNE'S INSIGHT FROM CHRIS TURNER

POSTED ON: 19/10/2022

Greening our cities

POSTED ON: 19/10/2022

MAY'S INSIGHT FROM CHRIS TURNER

POSTED ON: 19/10/2022

Bringing back The Golden Mile in Belfast

POSTED ON: 19/10/2022

April's Insight from Chris Turner

POSTED ON: 19/10/2022

Industrial BID Members to meet at Penrith Industrial BID

POSTED ON: 19/10/2022

HINCKLEY BID: Attracting visitors through our annual pancake race

POSTED ON: 19/10/2022

March's Insight from Chris Turner

POSTED ON: 19/10/2022

February's Insight from Chris Turner

POSTED ON: 19/10/2022

Bb joins national campaign to encourage workers back to offices

POSTED ON: 19/10/2022

TURNING BUSINESS FOOD WASTE INTO VEGETABLES IN BOURNEMOUTH

POSTED ON: 19/10/2022

BACK TO PLAN A, NOW NO MORE TO-ING AND FRO-ING!

POSTED ON: 19/10/2022

January's Insight from Chris Turner

POSTED ON: 19/10/2022

Businesses need clarity from government in 2022

POSTED ON: 19/10/2022

Over 100 destinations urge UK government to deliver 'business booster

POSTED ON: 19/10/2022

December's Insight from Chris Turner

POSTED ON: 19/10/2022

Plan B: £4bn Loss Predicted for hospitality sector

POSTED ON: 19/10/2022

Small Business Saturday Spotlight: BRINGING FAMILIES TO TOWN WITH THE HELP OF SNOW QUEENS AND ICE FAIRIES

POSTED ON: 19/10/2022

Small Business Saturday: Wizard of Oz comes to Saffron Walden

POSTED ON: 19/10/2022

Small Business Saturday spotlight: Hidden crackers in Nottingham

POSTED ON: 19/10/2022

British BIDs and The Means are delighted with GO! Southampton BIDs successful ballot

POSTED ON: 19/10/2022

British BIDs to welcome new BIDs to the Ballot Buddy portfolio

POSTED ON: 19/10/2022

November's Insight from Chris Turner

POSTED ON: 19/10/2022

Unemployment is falling, but our recovery is patchy

POSTED ON: 19/10/2022

National BIDs Conference 2021

POSTED ON: 19/10/2022

Budget 2021 - letter to Chancellor

POSTED ON: 19/10/2022

October's Insight from Chris Turner

POSTED ON: 19/10/2022

High street app attracts thousands of visitors to Lanark

POSTED ON: 19/10/2022

September's Insight from Chris Turner

POSTED ON: 19/10/2022

Getting back on track

POSTED ON: 19/10/2022

August's Insight from Chris Turner

POSTED ON: 19/10/2022

The future health of our High Street Businesses

POSTED ON: 19/10/2022

July's Insight from Chris Turner

POSTED ON: 19/10/2022

Freedom day is coming… and BIDs are performing an incredible public service

POSTED ON: 19/10/2022

June's Insight from Chris Turner

POSTED ON: 19/10/2022

BIDlife

POSTED ON: 19/10/2022

Our rapidly evolving workspaces

POSTED ON: 19/10/2022

British BIDs appointed to support Swindon renewal ballot

POSTED ON: 19/10/2022

May's Insight from Chris Turner - 2021

POSTED ON: 19/10/2022

Indoor service please

POSTED ON: 19/10/2022

ACT NOW FOR A STAND-OUT LIGHTING DISPLAY THIS WINTER

POSTED ON: 19/10/2022

Evidence to The Housing, Communities and Local Government Committee on Permitted Development Rights

POSTED ON: 19/10/2022

Amazon clicks and thirsty punters… now for business rates

POSTED ON: 19/10/2022

Welcome people back to your high street with Plantscape’s floral displays

POSTED ON: 19/10/2022

High streets a part of life?

POSTED ON: 19/10/2022

BIDlife - Send us your reopening photos

POSTED ON: 19/10/2022

April's Insight from Chris Turner - 2021

POSTED ON: 19/10/2022

The Big Heart of Merthyr Tydfil BID and Northfield BID achieve Accreditation

POSTED ON: 19/10/2022

Maybe* - 7 ways to reconnect with your BID levy payers and their customers

POSTED ON: 19/10/2022

March’s ballot results – a congratulations from British BIDs

POSTED ON: 19/10/2022

Ballot Buddy helps achieve a new term for Sheffield BID

POSTED ON: 19/10/2022

British BIDs meets with UK's largest national chains

POSTED ON: 19/10/2022

March's Insight from Chris Turner

POSTED ON: 19/10/2022

Retail repositioning continues

POSTED ON: 19/10/2022

Colour and animation for magical lights this Christmas - GALA LIGHTS

POSTED ON: 19/10/2022

The recovery Budget delivered, where now for our towns and cities?

POSTED ON: 19/10/2022

£1bn Towns Fund for 45 areas in England announced

POSTED ON: 19/10/2022

February ballot results – a congratulations from the British BIDs team

POSTED ON: 19/10/2022

February's Insight from Chris Turner

POSTED ON: 19/10/2022

Letter on proposed new Permitted Development Rights

POSTED ON: 19/10/2022

Watford BID overcoming the challenges to secure a ‘YES’ vote

POSTED ON: 19/10/2022

BID ballots during lockdown

POSTED ON: 19/10/2022

Business Interruption Policy Checker, Christmas Support Payments and Lockdown Guidance and elections

POSTED ON: 19/10/2022

The headlines are gloomy, but our future evolved local high street looks exciting

POSTED ON: 19/10/2022

As we lose a retail icon, we must embrace the change

POSTED ON: 19/10/2022

January's Insight from Chris Turner

POSTED ON: 19/10/2022

Digital trends in 2021

POSTED ON: 19/10/2022

British BIDs and Industrial BIDs discuss crime prevention

POSTED ON: 19/10/2022

Government names 72 high streets in England to share £831m recovery fund

POSTED ON: 19/10/2022

A look back on 2020 BID ballots

POSTED ON: 19/10/2022

December's insight from Chris Turner

POSTED ON: 19/10/2022

#BIDlife - putting the spotlight on our towns and cities!

POSTED ON: 19/10/2022

How can and should BIDs be more community focused?

POSTED ON: 19/10/2022

Christmas lights provide feel-good factor in challenging times

POSTED ON: 19/10/2022

Welsh guidance about the coronavirus rules that will be in place from 6pm Friday 4 December

POSTED ON: 19/10/2022

Repurposing our places for the future

POSTED ON: 19/10/2022

Arcadia Group – Guidance for BIDs, 1 December 2020

POSTED ON: 19/10/2022

Calling on the Government to do more to support Retail, Hospitality and Leisure

POSTED ON: 19/10/2022

Increase your footfall over the festive period - Blachere Illumination

POSTED ON: 19/10/2022

The shop local and loyal revolution from Scottish fintech Miconex with Town and City Gift Cards and Mi Rewards

POSTED ON: 19/10/2022

November's insight from Chris Turner

POSTED ON: 19/10/2022

LoyalFree: The high street app helping businesses trade through the lockdown

POSTED ON: 19/10/2022

BID community prepares for second lockdown

POSTED ON: 19/10/2022

Job Support Scheme expanded to firms required to close due to Covid Restrictions

POSTED ON: 19/10/2022

Extended Coronavirus Job Retention Scheme - 1st November 2020

POSTED ON: 19/10/2022

British BIDs congratulates confirmed areas to receive new Town Deals Fund

POSTED ON: 19/10/2022

Paul Clement steps down from British BIDs after long-standing service

POSTED ON: 19/10/2022

October's Insight from Chris Turner

POSTED ON: 19/10/2022

British BIDs congratulates Melanie Beck on being awarded MBE for ‘Services to the Community’ during Covid-19

POSTED ON: 19/10/2022

BIDs in the news

POSTED ON: 19/10/2022

British BIDs and Industrial BIDs share best practice

POSTED ON: 19/10/2022

September's Insight from Chris Turner

POSTED ON: 19/10/2022

British BIDs requests extension of 'Eat out To Help Out' Scheme

POSTED ON: 19/10/2022

​Bb requests further BID term extension from MHCLG

POSTED ON: 19/10/2022

Bb to launch new research entitled 'Shaping the Future'

POSTED ON: 19/10/2022

Your Pontypridd Receives Accreditation

POSTED ON: 19/10/2022

August's insight from Chris Turner

POSTED ON: 19/10/2022

Levy reduction letter from BIDs - download the template

POSTED ON: 19/10/2022

Local lockdowns and areas of interventions: how to prepare

POSTED ON: 19/10/2022

British BIDs' response on levy payments

POSTED ON: 19/10/2022

British BIDs supports Business Resilience Survey

POSTED ON: 19/10/2022

Get involved in our response to Government

POSTED ON: 19/10/2022

Preparing for localised lockdown webinar follow up

POSTED ON: 19/10/2022

Look back on lockdown - BIDs (part 2)

POSTED ON: 19/10/2022

July's insight from Chris Turner

POSTED ON: 19/10/2022

Webinar with high street expert Bill Grimsey

POSTED ON: 19/10/2022

Ruth Duston joins British BIDs Advisory Board

POSTED ON: 19/10/2022

Towns Fund – updated guidance

POSTED ON: 19/10/2022

Look back on lockdown - BIDs

POSTED ON: 19/10/2022

June's Insight from Chris Turner

POSTED ON: 19/10/2022

From BBC news, to virtual meetings & training, we reflect on the past 3 months

POSTED ON: 19/10/2022

BBC News Channel - Professor Christopher Turner

POSTED ON: 19/10/2022

Industrial and Business Park BIDs share good practice with virtual networking sessions

POSTED ON: 19/10/2022

New research on BIDs and the 'new normal'

POSTED ON: 19/10/2022

Important announcement: MHCLG BID Loan Fund

POSTED ON: 19/10/2022

Ed Cooke joins British BIDs Advisory Board

POSTED ON: 19/10/2022

THAT WAS THE BB WEEK THAT WAS #9 (W/C 18TH MAY)

POSTED ON: 19/10/2022

THAT WAS THE BB WEEK THAT WAS #8 (W/C 11TH MAY)

POSTED ON: 19/10/2022

3R Toolkit; Driving recovery in your place

POSTED ON: 19/10/2022

THAT WAS THE BB WEEK THAT WAS #7 (W/C 4TH MAY)

POSTED ON: 19/10/2022

BIDs Advisory Board welcome Resilience Fund

POSTED ON: 19/10/2022

THAT WAS THE BB WEEK THAT WAS #6 (W/C 27TH APRIL)

POSTED ON: 19/10/2022

British BIDs announces new research into the recovery of BIDs and urban centres in the ‘new normal’

POSTED ON: 19/10/2022

British BIDs Announces BIDs Resilience Fund

POSTED ON: 19/10/2022

Government lobbying for BID levy relief during COVID-19

POSTED ON: 19/10/2022

THAT WAS THE BB WEEK THAT WAS #5 (W/C 20TH APRIL)

POSTED ON: 19/10/2022

New measures to protect UK high street from aggressive rent collection and closure

POSTED ON: 19/10/2022

British BIDs expands Ballot Buddy portfolio

POSTED ON: 19/10/2022

Sidcup BID achieve British BIDs Accreditation

POSTED ON: 19/10/2022

Government Survey - your help needed by 22nd April

POSTED ON: 19/10/2022

That Was The Bb Week That Was #4 (W/C 13th april)

POSTED ON: 19/10/2022

April's Insight from Chris Turner

POSTED ON: 19/10/2022

COVID-19 - Job Retention Scheme Update

POSTED ON: 19/10/2022

That Was The Bb Week That Was #3 (W/C 6th April)

POSTED ON: 19/10/2022

That Was The Bb Week That Was #2 (W/C 30th March)

POSTED ON: 19/10/2022

British BIDs' Ballot Buddy helps secure a 'yes' vote for West Bromwich BID

POSTED ON: 19/10/2022

The Coronavirus Act 2020 and what it means for BIDs

POSTED ON: 19/10/2022

That Was The Bb Week That Was #1 (w/c 23rd March)

POSTED ON: 19/10/2022

BID levy payments and COVID-19

POSTED ON: 19/10/2022

New Q&A sessions announced

POSTED ON: 19/10/2022

Communications support for BIDs

POSTED ON: 19/10/2022

British BIDs Guidance - Q&A

POSTED ON: 19/10/2022

Business Improvement Districts and their Coronavirus Response

POSTED ON: 19/10/2022

March's Insight from Chris Turner

POSTED ON: 19/10/2022

Join our live Q&A session this Friday

POSTED ON: 19/10/2022

COVID-19: An update for Business Improvement Districts (BIDs)

POSTED ON: 19/10/2022

British BIDs' response to the Chancellor's Budget

POSTED ON: 19/10/2022

British BIDs launches new Advisory Board

POSTED ON: 19/10/2022

Sunak urged to reform rates that ‘hammer’ local retailers

POSTED ON: 19/10/2022

February's Insight from Chris Turner

POSTED ON: 19/10/2022

British BIDs partners with Welsh Government

POSTED ON: 19/10/2022

Business Rates - a representation to the Chancellor for the 2020 Budget

POSTED ON: 19/10/2022

New year, new Christmas

POSTED ON: 19/10/2022

January's BID Insight from Chris Turner

POSTED ON: 19/10/2022

Celebrate our 10th birthday with us

POSTED ON: 19/10/2022

British BIDs support Plymouth City Centre BID at renewal campaign launch

POSTED ON: 19/10/2022

December's BID Insight from Chris Turner

POSTED ON: 19/10/2022

November's BID Insight from Chris Turner

POSTED ON: 19/10/2022

Digital Lego Trail successful boost to the City Centre

POSTED ON: 19/10/2022

Can your BID assist school/college leavers in their area to obtain employment locally?

POSTED ON: 19/10/2022

October's BID Insight from Chris Turner

POSTED ON: 19/10/2022

September's BID Insight from Chris Turner

POSTED ON: 19/10/2022

August's BID Insight from Chris Turner

POSTED ON: 19/10/2022

July's BID Insight from Chris Turner

POSTED ON: 19/10/2022

June's Insight from Professor Chris Turner

POSTED ON: 19/10/2022

British BIDs appointed to support West Bromwich BID for renewal ballot

POSTED ON: 19/10/2022

British BIDs appointed to support Sheffield BID with 2020 renewal ballot

POSTED ON: 19/10/2022

May's Insight from Professor Chris Turner

POSTED ON: 19/10/2022

April's Insight from Professor Chris Turner

POSTED ON: 19/10/2022

Debenhams Administration - Guidance for BIDs

POSTED ON: 19/10/2022

March's BID Insight from Chris Turner

POSTED ON: 19/10/2022

BID Loan Fund Workshops with the Ministry of Housing, Communities and Local Government (MHCLG)

POSTED ON: 19/10/2022

Housing, Communities and Local Government Committee - New Policy Issues

POSTED ON: 19/10/2022

Celebrating 25 Years in Christmas Lighting - Gala Lights

POSTED ON: 19/10/2022

February's BID Insight from Chris Turner

POSTED ON: 19/10/2022

InLinkUK - New to our Suppliers Portal

POSTED ON: 19/10/2022

BID INSIGHT FROM CHRIS TURNER - JANUARY

POSTED ON: 19/10/2022

BID INSIGHT FROM CHRIS TURNER - DECEMBER

POSTED ON: 19/10/2022

Thank you to our British BIDs members

POSTED ON: 19/10/2022

BID INSIGHT FROM CHRIS TURNER - NOVEMBER

POSTED ON: 19/10/2022

Autumn Budget 2018: Highlights for the BID industry

POSTED ON: 19/10/2022

BID INSIGHT FROM CHRIS TURNER - OCTOBER

POSTED ON: 19/10/2022

Ministry of Housing, Community and Local Government BID Loan Fund

POSTED ON: 19/10/2022

British BIDs appointed to support South Bank BID with 2019 renewal ballot

POSTED ON: 19/10/2022

Faster broadband underpins UK BIDs - Openreach

POSTED ON: 19/10/2022

National BIDs Conference by Ben Collins

POSTED ON: 19/10/2022

BID INSIGHT FROM CHRIS TURNER - SEPTEMBER

POSTED ON: 19/10/2022

Is slow broadband hindering your business and do you want to do something about it?

POSTED ON: 19/10/2022

BID INSIGHT FROM CHRIS TURNER - AUGUST

POSTED ON: 19/10/2022

Do Your BID’s Lights Need A Refresh?

POSTED ON: 19/10/2022

BID INSIGHT FROM CHRIS TURNER - JULY

POSTED ON: 19/10/2022

Applications for the 2018 Great British High Streets Awards are now open!

POSTED ON: 19/10/2022

Launch of the Second Grimsey review

POSTED ON: 19/10/2022

Launch of the Great British High Street Awards 2018

POSTED ON: 19/10/2022

BID INSIGHT FROM CHRIS TURNER - JUNE

POSTED ON: 19/10/2022

BID INSIGHT FROM CHRIS TURNER - MAY

POSTED ON: 19/10/2022

BUSINESS IMPROVEMENT DISTRICT INDUSTRY CELEBRATES 300 BIDS

POSTED ON: 19/10/2022

Check out our photos from the Professional Development Day

POSTED ON: 19/10/2022

BID INSIGHT FROM CHRIS TURNER - APRIL

POSTED ON: 19/10/2022

What you can discover on the new Bb website

POSTED ON: 19/10/2022

BID INSIGHT FROM CHRIS TURNER - MARCH

POSTED ON: 19/10/2022