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Paisley Business Improvement District

business-improvement-district

Paisley Business Improvement District

Derek Mackay MSP  announces support for Paisley businesses

Local Government Minister Derek Mackay today announced £20,000 funding to support the development of a Business Improvement District in Paisley.

Business Improvement Districts offer a sustainable financial model to support businesses in a defined geographical area of a town, city or commercial district. BIDS can augment existing public sector investment to provide mutual benefit and contribute to sustainable economic growth in the local economy. The businesses work together reducing costs, sharing risks and creating new opportunities for growth.

business-improvement-districtAnnouncing the award to support the development of the Paisley Business Improvement District, Local Government Minister Derek Mackay said:

“I’m delighted to support the work of local businesses in taking forward their proposals to form a Business Improvement District (BID) for Paisley and to help private and public sector partners to transform opportunities for the town.  Today I have announced the award a £20,000 grant to support the development of this project.  The BID aims to enhance events and the promotion of Paisley, which I wholeheartedly endorse.

“The Business Improvement District (BID) initiative links directly to this Government’s commitment to support sustainable economic growth and is particularly relevant in the current economic climate.  The initiative supports private and public sector partners in working together to  invest in improvements to the local business environment, while contributing to the wider regeneration of the local community.”Partners will now use the seed corn funding we have provided to develop  their proposals and work to enhance the prosperity of Paisley’s town centre.

“I look forward to seeing the Paisley BID progress and wish all involved well.”

Piero Pieraccini, Chair of the Paisley Development Trust added:

“I welcome the decision by the Scottish Government to give £20,000 grant funding to take forward the Business Improvement District for Paisley.  We look forward to working with people locally to take it to the next stage.  This will kick-start activity, and is great news for the town.”