Traders are proposing to establish a Business Improvement District (BID) in the town, which would see them pool their resources to improve the local trading environment and increase profitability. Businesses would pay an annual levy of 1.25% every year, generating £584,000 in total to be used to:
- increase the vibrancy of the retail sector and strengthen the business community through networking, training and mentoring
- market Llanelli’s distinctive assets to attract visitors and local residents
- increase safety and cleanliness
- improve access to the town.
BIDs are becoming an increasingly popular way of increasing the prosperity of towns in Wales, with the launch in Llanelli coming less than a fortnight after business people in Gwynedd voted to create BIDs in Caernarfon and Bangor.