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Calls upon the government to establish an owner levy
Cannes, 16th November 2012 – Jones Lang LaSalle has called upon the British BID (Business Improvement Districts) industry at the “Retail in the City” Summit held at MAPIC in Cannes, to establish more collaborative landlord and owner engagement and to move the agenda forward from the existing basic BID models of clean, green, safe places.
Damian Sumner, Head of in-town retail at Jones Lang LaSalle said: “To meet the challenges to the High Street, BIDs now need to urgently upscale their business plans and put in place formal retail strategies for the Town Centre if they are to drive change for the future and meet the community needs for place and retail to coexist against multi-channels alternatives, and address the relationship between in-town and out-of-town shopping.”
According to the latest research published on the 10th of November by British BIDs, the survey reveals that currently only 55,000 businesses are paying BID levies, with £91m of investment being injected back into BID areas. There are currently 143 BID’s across the UK with a 94% success rate at renewal and 98% of BID’s have a five year term. Many BIDs have been evolving and maturing to meet the needs of the area especially beyond first renewal. There have been many developments at local level as the concept has evolved including shared services between BID’s, alliances with other BID’s/organisations, broadening strategic partnerships locally plus some evidence of council outsourcing services to BID’s.
Catherine Lambert, Chairman of Shopping Centre Management at Jones Lang LaSalle, added: “Evidence shows that BIDs with owner and landlord engagement are stronger, more viable and Jones Lang LaSalle would encourage the government to establish an owner Levy within the next parliamentary year. By engaging with the owner and Landlord we focus real fire power on the bigger picture of sustainable economic development for our town centres.”
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