Purpose

This report is to seek approval from Cabinet
for the renewal of the existing city centre Business Improvement
District (BID) in 2026, which strongly aligns with the city’s
Economic Plan and core outcomes 1 (a city to be proud of) and 2 (a
fair and inclusive city) of the Council Plan 2023-27.

Content

1)            
That Cabinet agrees to
support the renewal of the BID for the period 1 July 2026 to 30
June 2031 on the basis outlined in Paragraphs 3.16 and
3.17.
 
2)            
That Cabinet agrees to delegate authority to allow the Head of
Cabinet Office to oversee the BID process and enter into the
renewal of the BID Operating Agreement and any associated
documents, following consultation with the Cabinet Member for
Finance and Regeneration.

 
3)            
That Cabinet agrees to
post a Notice of Ballot by 16 October pursuant to the Business
Improvement District (England) Regulations 2004.