Loughborough BID Renewal Survey 2021

The Love Loughborough BID has been in existence since 2011. Working on behalf of the 500+ eligible businesses, the BID's primary purpose is to support its members to create a successful trading centre as well as ensuring that it is a safe and welcoming place for people to work, visit & reside. The BID has a strong focus on marketing and promoting the Town Centre to support businesses and attract visitors.

Operated by the not-for-profit BID Company with a Board of Directors (drawn from local business representatives who work on a voluntary basis) Love Loughborough BID has been driven by the private sector, with the belief that local businesses, working together, will have a more influential voice in shaping the future of our town.

Over £250,000 per annum is currently collected and this funds all our work. Additionally, it has allowed us to raise further income, about £30,000 pa to be spent on the projects you asked for.

BIDs are required to vote every 5 years to renew their mandate and Love Loughborough will come to an end unless the majority of businesses vote YES to continue it for another 5 years. If it comes to an end all current activity will stop later this year.

To secure another term we need to stage a renewal ballot in October 2021 and produce a new 5- year Business Plan on which eligible businesses will vote on. Your feedback to this survey will help shape the new Business Plan.

In the wake of COVID-19 and with our business environments ever more fragile, continuing to work in partnership, supporting one another and promoting our town centre and managing it well remains vital.

For more information and how to contact us you can visit www.loveloughborough.co.uk.

All responses will be treated in the strictest of confidence



The closing date is 31 July 2021


Copyright: Mosaic Futures Ltd 2021