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BID plans huge cash injection for Milngavie

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Traders and business owners are to take part in a crucial vote that could decide what the future holds for Milngavie town centre.

In just a few weeks local traders will be asked to vote on whether they want Milngavie to become a Business Improvement District (BID), which would pump a minimum of £500,000 into improving the trading environment in the town centre.

A ‘Yes’ vote would mean that each business would pay a modest but compulsory annual levy towards a range of projects and services to boost the local economy and enhance the town centre as the heart of the community.

Among them are £32,500 for a business property facelift scheme, £24,000 for a welcome signage strategy’ and £42,000 for greenery and flowers in the town centre.

A total of £45,000 is earmarked for major annual high quality events, their delivery and marketing whilst a £21,000 budget is provided for development and use of a Milngavie town centre shopping and leisure brand - with the aim of making Milngavie a destination of choice and improve its profile as a gateway to leisure.

All project details and a breakdown of income and expenditure over the five years are provided in a detailed business plan which is being issued to all businesses voting in the ballot and available to download from the Milngavie My Way BID website - www.milngaviemyway.co.uk

However, without a positive ballot result the BID cannot get off the ground.

Milngavie BID project manager Pauline Cameron said: “We’ve taken on board suggestions made by the majority of those who engaged in the consultation to create our objectives.

“We now have a plan which will inject a minimum of £500,000 into local improvements over the next five years. I hope further investment will come from other sources, including Eventsscotland and Lottery funding.”

Ballot packs have been sent to all businesses with a rateable property value of £1,000 or over within Milngavie town centre, the proposed BID area.

The plan would be overseen by a not-for-profit BID company, led by and from the local business community and include police and council representation. A part-time BID manager would be appointed.

 

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