Rhyl businesses have voted in favour of setting up a Business Improvement District (BID).
Businesses and organisations in Rhyl town centre voted in the ballot conducted by the independent scrutineer, Electoral Reform Services, with 67 per cent voting in favour of the Rhyl BID.
For the BID to be successful, a second trigger ‘majority by rateable value’ was also required and this was achieved with 63 per cent of the vote.
It is anticipated the BID will commence from early 2019 for a five year term and will invest more than £1million on projects related to safety, appearance, marketing and business support.
The BID has been developed and will be run by businesses through a not for profit company, Rhyl BID.
Nadeem Ahmad, owner of the Jean Emporium and Chrome Menswear, is chair of Rhyl BID.
“This is a great result for Rhyl town centre and I would like thank those involved in bringing it about.
“Businesses have voted to take control in making sure Rhyl has the best chance to thrive and prosper. There has been some major investment already and more to come and we hope to ensure businesses play their part in shaping and taking advantage of this.”
Mo Aswat, Director of The Mosaic Partnership, who advised on the development of the BID, said:
“BIDs are becoming an increasingly important part of addressing the challenges facing town centres in Wales and I think it is great news for Rhyl in that businesses have had the foresight to work together and take this step.”
Cllr Hugh Evans OBE, leader of Denbighshire County Council, said:
“We are pleased for the opportunity this creates for the Council to work with committed businesses on the future improvement of the town centre.
“Along with the investment the Council making in the town through SC2 and 1891, as well as the work on the Rhyl Masterplan, we believe Rhyl BID will be yet another catalyst for the town’s ongoing regeneration.”
There is no limit on what projects or services can be provided through a BID, the only constraint is that it should be in addition to services provided by the local authority.