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Totally Truro

A Business Improvement District (BID) is a flexible funding mechanism to improve and manage a clearly defined commercial area. It is based on the principle of an additional levy on all defined ratepayers, following a majority vote. Following a successful vote, the levy becomes mandatory for all defined ratepayers.

The Truro BID is delivering a range of additional services and initiatives all designed to raise the profile of the city, attract more visitors and encourage them to explore all its facilities.

The BID is funded primarily through a nominal levy equivalent to 1% of rateable value on all properties that are within the District and have a rateable value of over £10,000. Truro’s BID became operational in October 2007 and over its five year lifespan is expected to generate £1.5 million of additional funding. There are over 400 businesses in Truro that are included in the scheme.  It is now in its second term.

‘The BID scheme is undoubtedly the most significant boost that Truro business has received in decades'
Simon Hendra, Independent Retailer and owner of Lemon Street Market

‘I believe that the BID has breathed new life into Truro and encouraged more people to come into the City, especially true during Christmas when the City Centre was buzzing. The extra floral displays have made it a much better environment to work in and enjoy in the summer. I am sure that the majority of businesses are extremely happy with Truro BID's achievements which have helped trading throughout the year, important in the current economic climate'
Keith Parsons, Partner, KML Financial Services, Lemon Street

Totally Truro
56 Fairmantle Street

01872 273999

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  6. Totally Truro is a company limited by guarantee
    registered in England company no. 6070111
    Copyright © 2008 Totally Truro. All Rights Reserved.

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21:53pm | 20th August 2017