The Liverpool BID Company has asked Liverpool City Council to approve plans for a postal ballot to secure a new five year BID term from next June.
The Commercial Business Improvement District, established in 2011, is designed to improve an area from Lord Street to Old Hall Street and Castle Street to Pall Mall that contains a workforce of more than 60,000 people.
Following an endorsement from the council’s cabinet on Friday 30 October, the Liverpool BID Company will formally notify the Secretary of State on Monday 2 November to seek a month-long postal ballot, which will end on Thursday 17 March.
The proposals for the Commercial District are covered in an executive summary of a five-year business plan which will be issued to more than 800 businesses in the New Year.
The Liverpool BID Company, which also celebrates its tenth anniversary next month, has been undertaking a consultation with businesses and employees, via public meetings, roadshows and online surveys to help write the business plan to accurately reflect their needs.
Liverpool’s Commercial District BID will raise more than £3.5m via a business levy over the five year period which would be reinvested into the area through a series of environmental and safety projects and a high quality events programme to animate the district.
The new 2016-2021 business plan will have an emphasis on supporting business growth, improving connectivity and addressing issues such as vacant units and wifi coverage in the city centre.
The Commercial District BID is currently overseeing a £1.4m scheme to improve the public realm in areas of the district.
Jim Gill, chairman of the Commercial District BID, said: “The past five years in the Commercial District have been hugely challenging, set against the back drop of a recession and public sector cuts. Much of which we set out to do is now coming to fruition but we have much still to do.
“By listening to our businesses we have created a plan that will reflect their needs and thanks to the excellent relationships we have with our key partners we can make the Commercial District a world class business destination.”