Hundreds of local business partnerships across England will share £6.1m of funding to spend on projects that will help their local economies through the uncertainty of the coronavirus (COVID-19) pandemic, High Streets Minister Simon Clarke MP confirmed today (1 May 2020).
The money will be paid to local authorities and dispersed to Business Improvement Districts (BIDs). These are local business partnerships that bring developers and communities together to provide local leadership, drive regeneration and deliver projects and additional local services.
Many BIDs are now playing a crucial role during these challenging economic times, offering hands-on support to those businesses affected, including advisory services, increased security to protect businesses that have closed, and providing key intelligence to the local and central government on the impact of the coronavirus outbreak on their local economies.
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