Scope
The geographic BID area will contunue to be all business premises within Coventry City Centre’s ring road. The business sectors included in the BID are those that interface with their customers within the city centre. For example retail, leisure, banks, travel/recruitment agents, estate agents, solicitors, council and car parks. This definition therefore excludes general offices.
Organisation and Management
The BID organisation was previously CV One Ltd, a not-for-profit company (limited by guarantee) that had operational control of the city centre. On October 1st 2011 the city council stepped in to being the administrative
body for the BID team, the accounts are still independently audited and as such
services are treated as a distinct entity from the council, although it should
be noted that through the council, the BID benefits from additional support and
financial subsidy which has added value to the extent of services that are
provided for the needs of our local retailers and businesses.
The BID Business Plan will be separately auditable, but no separate BID company will be formed to avoid extra administration costs. A BID Committee will continue to meet with representation from levied businesses sectors.
Vision
The overall vision for the BID remains to make Coventry City Centre a better place to conduct a business and to visit. It will achieve this by understanding our customers’ needs - improving the reality (clean, safe and attractive), improving the perception, attracting inward investment and generating additional sources of income to supplement the BID levy.
Previous History
CV One had been operating as an effective BID pilot since 1998 and as a successful BID for the last three years. It has delivered increased footfall, increased turnover, lower crime, lower stock loss, lower voids, improved perception, improved visitor profile, better cleansing scores and better events.
Operating Environment
Competition has increased locally and will continue to increase further in the future. The extra resources of the BID are needed to fight off the continuing threats while Coventry’s city centre offer is still not fully developed.
Downloads
Click here to read the full Coventry BIDs Renewal Vote Business Plan (88KB, PDF file).
Click here to read accompanying Appendix 1 (459KB, PDF file).
Click here to read accompanying Appendix 2 (10KB, PDF file).
Click here to read accompanying Appendix 3 (13KB, PDF file).
Click here to read accompanying Appendix 4 (10KB, PDF file).
Click here to read accompanying Appendix 5 (10KB, PDF file).
Click here to read accompanying Appendix 6 (16KB, PDF file).
Click here to read accompanying Appendix 7 (15KB, PDF file).