Purpose

Report to set out the process and proposals
for a third term of the InExeter Business Improvement District
(BID), as well as the 5 year Business Plan which businesses within
the BID area vote upon November 2024.

Content

Agreed:
 
RECOMMENDED
that Council:-
 
(1) 
votes in favour of continuing the InExeter
Improvement District (BID) in the forthcoming ballot in November
2024;
(2) 
approves a budget of £7,000 to undertake the
ballot to be funded from General Fund reserves;
(3) 
agree for the Portfolio Holder for Corporate
Services and City Centre to continue sitting on the InExeter Board,
with support from the Service Lead for Net Zero & Business, to
oversee the interests of the City Council and wider city centre
through activity undertaken by InExeter;
(4) 
supports an amendment of the BID boundary to exclude
West Street, Bartholomew Street West, and New North
Road;
(5) 
charge InExeter in collecting the BID levy,
calculated at £12,000 + VAT per annum per year;
and
(6) 
agree for the Service Lead for Net Zero &
Business to draw up contingency plans, to be implemented in the
result of a no vote in November 2024.
 
Reason for Decision: As set
out in the report.