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Paisley BID will boost small businesses

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Paisley BID will boost small businesses.

SMALL traders are the most likely to benefit from a vote to create a Business Improvement District, in Paisley.

That’s the view of respected town centre businessman Ken MacDonald, who is backing the creation of a Paisley BID.

He says businesses elsewhere in Scotland have saved more money than they actually pay in the levy to their local BID.

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Ballot papers have been sent to businesses in Paisley town centre asking if they want to set up a BID.
And Ken, of Houston Kiltmakers, in Paisley High Street is urging fellow traders to support a BID because it will –

* increase footfall in the town centre by organising events and marketing campaigns;
* act as a buying group for local businesses negotiating cheaper utility bills;
* and become a campaigning voice for town centre traders on issues such as business rates, town centre cleanliness, comfort and safety.

If there is enough support to form a Paisley BID, a board of directors will be elected from the local businesses community to run the not-for-profit company. And the small levy paid by local businesses will fund various initiatives to boost trade in the town centre
Ken says: “Small businesses will benefit most from having a BID in the town as they have the most to gain financially from increased footfall and savings to their electricity, phone, water and credit card costs.

“As an experiment into what kind of savings a town centre trader can make through having a Paisley BID working for them, I used similar methods and I am now paying £1000 a year less on my phone bill and £600 a year less in electricity.

“This just goes to show that for the average BID levy of £349 a year – much less per day than the price of a cup of coffee – businesses could actually win back or even profit from their ‘investment’ in the BID with utility savings.

“And that’s before you even factor in the benefit to trade of increases in footfall in the town centre.”

One café operator in Alloa, Clackmannanshire has told how her local BID saved her more than the annual levy she pays. Morag Welsh, of The Tearoom said: “The Alloa BID has helped us save £1000 per year on my electricity bills throughout their free utility audit. These savings are much greater than my annual levy payment.”

Ken also points to a law firm in Kirkcaldy, Fife who saved £5,500 after their local BID negotiated savings to their utility bills and recommended other business efficiencies.
And the Woodhouse Hotel, in Largs saved £2000 in their utility bills thanks to their local BID.[/vc_column_text][/vc_column][/vc_row]

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Paisley Business Improvement District

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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.”