Bangor Business Improvement District (BID) have announced their chairman, Haydn Davies, has stepped down with immediate effect, after three years in the post.
BID have appointed Penny Lofts as the acting Chair and have invited applications from levy payers who would like to nominate themselves for the position. Bangor BID have thanked Mr Davies for his ‘outstanding commitment and passion for Bangor BID’ during his time as chairman.
Bangor businesses voted in favour of the Bangor BID in September 2015, 42% of eligible businesses voted and 68% voted in favour of the BID, which was officially launched in April 2016.
Businesses in Bangor pay a levy to BID, approximately 1-2% of their rateable value, this is then used to invest in events, maintenance and to improve the appearance of the BID area. There are over 300 businesses in Bangor and BID is expected to raise over £600,00 over five years, which will then be invested to improve the city.
Any levy payers interested becoming chair, should contact Bangor BID before the 12:00 on 11/06/19. A vote will then take place later that day during the BID board meeting at 18:00.