On 31st August 2016, after five years, the St Peters Quarter Business Improvement District came to an end. In the ballot held in July, although there was a majority of rateable value voting in favour, the number of votes from businesses in favour of renewing the BID was exactly half of the number of votes cast and as there was no simple majority for both criteria, the BID had to stop operations.
The BID achieved significant results during its five years, not least of which was establishing the area as ‘St Peters Quarter’ with programmes of regular events, promotional campaigns, a loyalty scheme, Rangers, Christmas Lights and floral arrangements.
Besides the levy from businesses, it attracted additional funding and investment worth £3.7 million during its five years. This included the refurbishment and creation of St Peters Cross, the work at the Spot and the grant scheme for the refurbishment of buildings in Green Lane and St Peters Churchyard. Wayfinding signs in St Peters Quarter colours and traffic signs to the renamed ‘St Peters Quarter’ car park remain as lasting testament to the BID’s work.
The area has not been without its challenges, but many of these have also been faced by towns across the UK. The BID enabled the area to adapt and deal with these better than others with footfall bucking the national trend and vacancies lower than average with more businesses moving into the area than moving out.
As from the 1st September 2016, St Peters Quarter Rangers, Nikki and Dave, the BID Manager and BID Team, the weekly entertainment, additional events and Christmas Lights, floral arrangements, promotional campaigns, social media , area representation at strategic city level and and business support will all stop and businesses will have to turn elsewhere for any help they need.
Chair of St Peters Quarter Derby Ltd