So what is a BID? BID stands for Business Improvement District and in the case of Watford's BID it is the Watford High Street. Some 500 businesses are based in the 'zone' of the BID and it is these businesses who will be responsible for deciding whether Watford's BID actually happens or not.
There were a number of presentations on the night, which was hosted by Jonathan Field MD of John Lewis located in the Intu centre. A fair number of businesses were represented although sadly very few of the smaller high street stores, one of the exceptions being Situl's Gift shop (40 years in Watford). The +Watford Market was not represented at all just as an observation.
The whole BID process timeline is a long drawn out affair... things have been happening since the back end of 2013... we are now at the stage of discussions, contributions and ideas for what the BID could be delivering for the High Street... A grant has been secured to fund the stage of successfully completing the BID process... from then on in it is the BID money that will fund it. 20% of the BID money in the early stages will be consumed by admin and overheads... it is expected that if successful the BID will go live from 2017.
The Town Centre Manager (Marion) and her assistant created a number of boards (pictures shown) to help illustrate what is now required to move things forward... now it is down to those in the High Street to make their contributions and voices heard. Any ideas that you have please do get in contact with the Town Centre Partnerships, the Town centre manager or +Kate Leach of Watford For You.