Local Economies Covid-19 2020-06-15
2020-06-15
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Q1
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Context
The UK is easing lockdown restrictions, allowing shops to reopen. Local businesses have been supported by various grants and funds.
Welcoming steps taken to support local businesses and communities during recovery from the pandemic, what additional measures are being implemented to ensure that business improvement districts (BIDs) receive necessary resources as restrictions ease?
BIDs play a crucial role in high street regeneration, and the setback experienced due to lockdowns makes them even more important. Legislation has been passed to extend the operation period of BIDs that were scheduled to re-ballot this year until March 2021, and an emergency support fund of £6.1 million is available for these entities. Notably, Love Loughborough BID in Jane Hunt's constituency will receive £12,747 from this fund.
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