Burnley BID Appoint Financial Affairs MD as Chairman

Laurence O’Connor, Managing Director of Financial Affairs, has recently been appointed as Chairman of the Board of the Burnley Business Improvement District (BID).

BID schemes operate within a geographically defined area and are voted for by the businesses within the district. Once ratified, a small levy is charged to all eligible businesses within which is to be used for the improvement of that district.

Burnley’s BID intends to make a £1million investment in additional promotion and marketing campaigns, enhanced safety initiatives, bigger and better events along with improvements that will make Burnley a cleaner, greener and a better place to shop, work and spend leisure time.

Each BID has a BID Manager to implement and co-ordinate the work, and is governed by a Board made up of a representative, private sector led group of retailers and companies within the BID area.

Laurence O’Connor, Managing Director of Financial Affairs, said:

“I’m delighted to be appointed as Chairman. Our company is in the heart of Burnley town centre, and I’m pleased to be part of the team that will make a real difference to the sustainable future of our high street.”

Each BID runs for a term of 5 years before being voted on to continue, so the group has time to implement longer term goals as well as more immediate ones. Other BIDS have seen demonstrable improvements in areas such as: increased footfall and spend, reduced costs, improved safety and improved cleanliness.

Laurence said:

“I’m looking forward to chairing the group who will work alongside Burnley Council, Lancashire County Council, Lancashire Police and other public agencies, to add extra value on top of the vital services they already provide. We can make a lasting difference to the town and enhance the town centre as a destination for leisure, business and for residents. I can’t wait to start implementing our ideas.”

For more information on the Burnley BID, see the website.

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