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Berry announces cash for town centres

Words: Laura Edgar
Jake Berry / Ministry of Housing, Communities and Local Government

Communities across England have been invited to bid for up to £50,000 to help business into local areas.

A total of £500,000 will come from the British Business Improvement District (BIDs) Fund. This latest round aims to support business owners and local leaders to set up a BID so communities can come together to deliver additional local services and upgrade commercial areas.

High streets minister Jake Berry said: “BIDs have a proven track record of upgrading commercial areas to enable business owners and entrepreneurs in our town centres and high streets to thrive.

“Whether through promoting longer opening hours, more security for shops or pedestrianised shopping districts, BIDs are a go-to vehicle through which you can reimagine your high street or town centre.”

He added that the loan fund is designed to provide those on the ground with the means to drive regeneration forward and meet local needs.

This funding comes after the Future High Streets Fund opened earlier this month for funding bids.

British BIDs, a BIDs sector body, holds the contract of managing and operating the fund until September 2020. So far, 29 loans of between £10,000 and £50,000 have been allocated.

There is up to £95,000 available for this latest round of funding, which is expected to provide funding for up to four BIDs. The deadline for submissions of interest is Friday 8 March.

More information can be found here on the British BIDs website.

Read more:

Bids invited for high street fund

Image credit | Ministry of Housing, Communities and Local Government