Businesses Vote in Favour for a BID in Hemel Hempstead

Businesses in Hemel Hempstead town centre have voted in favour of establishing a Business Improvement District (BID).

84% of businesses in Hemel Hempstead voted in favour by number, with 86% in favour by Rateable Value, representing an overall turnout of 37%.

The BID, developed by Central Management Solutions, was jointly funded by Dacorum Borough Council and Capital & Regional, and demonstrates a unique working relationship between public and private owners.

Commenting on the result, BID Steering Group Chair and Marlowes Shopping Centre Manager, Vince Williams said:

“This is a fantastic result for local businesses and the town. It gives us the opportunity to bring businesses together to shape our future over the next 5 years, by putting the building blocks in place to create a vibrant town centre that will attract more visitors, who are staying longer and spending more money with local businesses.”

Almost £1million of levy investment will be put back into Hemel Hempstead over the next five years, complementing the regeneration work that has been delivered by Dacorum Borough Council and will be enhanced further by the investment of Capital & Regional, owners of the Marlowes Shopping Centre.

The core BID priorities will focus on:

  • Improving visitor experience and the working environment
  • Accessibility
  • Cleanliness. waste remove and recycling
  • Place marketing

The BID was developed using CMS’ i5 stages of BID development. Associate Director of CMS, Lee Walker, said:

“It is excellent that businesses have voted in favour of the plans put forward by the Hemel Hempstead BID. The BID steering group have provided clear direction and show a determination to see more investment in Hemel. The BID can now deliver for the next five years against a strong business plan which will help to compliment the other fantastic developments works that are taking place in the town.”

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