Being a Director of Rediscover Peterhead
Rediscover Peterhead Ltd is the Business Improvement District (BID) for Peterhead Town Centre. We have been in existence for three years. Following a ballot of all businesses in the town centre, we were elected for a five-year term. There will be another ballot in 2022 to allow local businesses to decide if they want Rediscover Peterhead Ltd to continue for another five years.
There are a growing number of BIDs across Scotland and the rest of the UK. They are statutory organisations enabled by UK legislation, working in close partnership with local authorities and a range of private sector and community partners. Rediscover Peterhead is funded by a levy paid by town centre businesses. The levy is based on rateable values. We committed to not increasing the levy payment during the first five years and have in fact reduced it by 50% in 2020/21 because of the business situation created by COVID-19. Rediscover Peterhead has been very successful so far in generating additional funding from other sources. We use local business contributions to leverage in funding for projects that are important to the town centre.
What have we done so far?
Rediscover Peterhead exists to support the business community in the town centre, to make the centre a safe and attractive place, where people want to visit, and businesses thrive. We were elected on the basis of a five-year plan, which can be seen here. We are in the process of delivering this, adapting to changing circumstances and opportunities as we go.