Purpose

To consider the draft business case for the
Cranleigh Business Improvement District (BID) and delegate
authority to cast the vote on behalf of Waverley Borough Council in
the ballot due to take place in June 2023.

Content

The Executive RESOLVED to:

1.         vote in
support of the Cranleigh BID with the Council’s two votes as
a levy payer.

2.         delegate
responsibility to cast the vote in the ballot for the Cranleigh BID
to the Leader of the Council.

3.         note the
annual cost to the Council of its levy contributions set out at
10.1, the cost of which have been included in the Medium Term
Financial Plan (MTFP).

4.         agree to
absorb the cost of the up-front capital cost of the BID levy
collection software up to £43,000. This cost will be met by
earmarked reserves and useable capital receipts.
Reasons for the
decision:
 
1.
      
Supporting BIDs forms part of the Council’s existing and
emerging Economic Development Strategy to support the high streets
and a vibrant business economy in the borough.
 
2.
       The
Council has invested in the BID development process since 2018,
having commissioned a feasibility study and provided grant funding
to each BID area.
 
3.
       The
Council has a statutory responsibility to work with the BIDs and an
opportunity to build a partnership with these
stakeholders.
 

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