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Home arrow Holyrood news arrow News categories arrow Housing, Planning & Regeneration (HCL01) arrow New funds available for town centre schemes
New funds available for town centre schemes Print E-mail
Monday, 04 February 2008

The Scottish Government will extend support for Business Improvement Districts in Scottish town and city centres, Finance Secretary John Swinney announced today. 

From 1 April, towns around Scotland will be able to apply for a one-off £15,000 'seedcorn' grant to help launch their own Business Improvement Districts (BIDs).

A BID is an area of a town, city, commercial district or rural area where local businesses vote to invest collectively in local improvements, services and projects for the benefit of the community.

Visiting a pilot project in Falkirk, one of six across Scotland, Swinney said BIDs had a key role to play in the regeneration of town centres.

"Our town and city centres should be the beating heart of Scotland's economic revival – the drivers of economic growth both locally and nationally.

"BIDs can bring together the key players in transforming towns and cities and make a real difference to the centre of our communities.

"Having seen how the six pilots have worked, including this project in Falkirk, and the enthusiasm among the business community, I believe BIDs can play an important and positive role across Scotland."

Central support from the Scottish Government for the BIDs programme is set to continue in 2008-09 and beyond. In addition, from 1 April, one-off Government support of up to £15,000 will be available as 'seedcorn' funding for each new BID project that comes forward, subject to some minimum criteria.

These grants will be intended to act as a catalyst to enable partnership working and the development of realistic BID proposals that are likely to be attractive to local private and public sector stakeholders, including the local authority.
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