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13
Aug 2020
A group hoping to form the Knaresborough Business Improvement District (BID) is developing a business plan before moving into the campaign phase next year.
The group has its task force in place and now wants to engage more local businesses.
It has employed consultants to speak to businesses within the town in order to gain support for a ballot in March.
BID organisations work with funds collected from businesses - this is an additional levy to business rates. Knaresborough's BID will use a band structure based on the rateable value of each business to determine how much they contribute.
Treasurer of Knaresborough Chamber of Trade and BID representative, Bill Taylor, said:
Common themes adopted by BIDs include improving marketing, further support for businesses, support for visitors to boost trade and accessibility and sustainability within the town. All of these are being discussed by Knaresborough BID.
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