As far as I was aware, the voting for what's included in the business plan ends soon. So starting at the top, and working your way down, how many items do you think will be provided?
£60k salary for BID manager. Office costs. Admin costs. £10k a month marketing "brand newbury", and that's a conservative estimate providing you can barter a good raddio / print package. If they decide to go for TV like Festival Place, you are looking at much more.
£80k running costs per year plus £120k marketing budget = £200k. Not much small change after just one item on the list, which is why there were rumours about the levy being 1.5% or even 2%.
Actually you could be right here, it looks like voting on the BID itself finished in April.
Oh my God I don't believe it User has run out of spin and gone insane! Just declared Richard Garvie "might be right". Granville fetch the defibrillator!
Actually you could be right here, it looks like voting on the BID itself finished in April.
The vote for the BID will take place in April, from what I remember. The vote on items that should be included ends soon, in order to prepare the busin ess plan which will ultimately be voted on..
As far as I was aware, the voting for what's included in the business plan ends soon. So starting at the top, and working your way down, how many items do you think will be provided?
£60k salary for BID manager. Office costs. Admin costs. £10k a month marketing "brand newbury", and that's a conservative estimate providing you can barter a good raddio / print package. If they decide to go for TV like Festival Place, you are looking at much more.
£80k running costs per year plus £120k marketing budget = £200k. Not much small change after just one item on the list, which is why there were rumours about the levy being 1.5% or even 2%.
Your figures are askew again RG.
The marketing option costs £6k a month, not £10k, or £75k a year.
You are right it's not very much, as there's so much to do. Reading spend c£250k a year, so Newbury's already at a disadvantage. On top of that the BID team are not targeting any group, they want everyone, from business visitors to ex-Newbury shoppers. So they will have to spend more or it won't work.
The marketing option costs £6k a month, not £10k, or £75k a year.
You are right it's not very much, as there's so much to do. Reading spend c£250k a year, so Newbury's already at a disadvantage. On top of that the BID team are not targeting any group, they want everyone, from business visitors to ex-Newbury shoppers. So they will have to spend more or it won't work.
£6k a month? That's extremely cheap, I'd love to see a break down of that figure as I don't think it will go very far. The BID principle in theory is sound as a model, it's just the implementation in almost every area which lets it down. My fears here are that it's going to be implemented very badly, especially if it's run by the TCP.
Amazing how nobody has denied that the TCP discussed running the BID and failed to put it ion the minutes. So much for being a CIC!!!
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