CARMARTHENSHIRE County Council’s Executive Board has pledged to support a BID in Carmarthen.
The Executive Board agreed to back a Business Improvement District (BID) which focuses on improvements through a collective effort in a meeting today (Monday, Oct 21).
A BID sees businesses in a defined commercial area work together and invests in agreed services, projects, and special events.
Almost 200 Carmarthen businesses have been consulted about the proposed plans and opinion was overwhelmingly positive.
A ballot will now be held in the spring and businesses will be able to cast their votes on whether to accept the initiative.
If successful, the BID would be business-led and financed by a levy made on the rateable value of a commercial property.
Businesses would pay an annual levy of 1.5 percent every year, generating more than £165,000 per year to be used to improve the town.
Llanelli has had a BID – Ymlaen Llanelli – since 2015.
Council Leader, Cllr Emlyn Dole, said: “We’re very keen to support this. It would improve the town’s profile, economy, footfall and more.”
Cllr Peter Hughes-Griffiths, said: “There has been a lot of enthusiasm for this for the last two years. Everyone will benefit.”
For the full report or watch the webcast of the debate, visit the council democracy section at www.carmarthenshire.gov.wale