pfbbUK managed BID Derby Cathedral Quarter renewed for a further 5 years

pfbb UK is really pleased businesses in Derby Cathedral Quarter have voted to renew the area’s status as a Business Improvement District (BID).

There was a strong turnout for the ballot (49%) with 85 % of businesses and 77% of the aggregate rateable value voting in favour of the BID – giving a clear mandate to continue building upon the achievements of the BID over the next five years.

Ian Ferguson, Development Director of pfbb UK said, ‘The Cathedral Quarter was our first ever Business Improvement District, so we have a great affection for the business community here and pleased that they value the work that we have done over the last ten years.’

Last year the Cathedral Quarter won national acclaim as the winner of the Great British High Street competition and also won the National BID of the year award. It is now a thriving part of the city centre of Derby, a destination in its own right and an area which has seen over £138 million worth of investment since it first gained BID status.

The new BID will officially start operations on March 1 2018 with a budget for the five year programme of £1.5 million – made up of the levy payments and supplemented by voluntary, private and public sector contributions.

Martin Langsdale, chair of the Cathedral Quarter and leads the board of local business people and partner representatives who oversee the BID activities said “Businesses in the Cathedral Quarter engaged enthusiastically in the consultation and planning for the next five years and we are grateful for the time that individuals have devoted – particularly to our project management company Partnerships for Better Business Ltd (pfbb uk) who have led this process.

“We are fortunate to have such as great support from pfbb UK, and benefit from their expertise as one of the UK’s leading BID consultancies, in managing our projects and supporting businesses. They are the cogs behind the clock face which make everything work so well.”

“Having achieved a great deal over the past ten years to reverse the fortunes of the Cathedral Quarter following the opening of Westfield and a period of recession, business confidence for the future in the Cathedral Quarter BID is strong and this plan provides us with a clear direction and a new exciting era for this individual, diverse and inspiring part of the city centre.”

The new BID vision is to continue to support and enable all businesses to benefit from the Cathedral Quarter as a place which is attractive and vibrant with a sense of community and a lifestyle which is individual, diverse and inspiring.