Adur District Council will again back the Lancing Business Improvement District (BID) for a fourth BID term to help give an economic boost to businesses on Lancing Business Park.
The aim of the not-for-profit BID is to facilitate a safe, accessible, clean and connected business community.
It also aims to maintain the positive working partnership between Lancing Business Park, the businesses that they serve and the Council ensuring all parties continue to work together to support future economic growth.
The BID generates more than £400,000 in funding from a levy from all eligible businesses on the business park over a period of four years and seven months, starting from September 1st, 2023.
Cllr Angus Dunn, Adur's Cabinet Member for Finance and Resources, said:
“We are committed to working with businesses in Lancing to help them thrive and boost the local economy, which benefits everyone.
“The BID has a proven track record over the years of promoting local businesses and attracting investment, as well as benefiting the environment thanks to innovative shared schemes.
“The BID helps safeguard businesses, as well as providing future competitiveness and prosperity by helping to decide where the spending priorities lie and helping provide improved services where needed.”
Damian Pulford, BID Chairman and MD of Sussex Transport said:
“Thanks to Adur District Council for their continued support of Lancing BID. We are a Business Improvement District; a local business community supporting our members to navigate business issues and encourage growth.
“A successful BID works collaboratively with good communication and shared understanding. Communities thrive through working together and we appreciate all our members', stakeholders' and partners' support and input. Together we will continue to boost the local economy and help unlock the real potential of Lancing.”
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