Business Improvement District (BID) Thank You Press Release
Last year the GFSB published the Main Street Review. The top recommendation in the review was to create a Business Improvement District (BID).
Since then the GFSB has been working with a variety of local businesses and Mo Aswat from the Mosaic Partnership to form a BID in the town area.
The GFSB is extremely happy with the support provided by the Chief Minister, the Minister of Business and the Gibraltar Government. We would like to take this opportunity to thank them publicly. This endeavour will benefit Gibraltar PLC and with their assistance, the BID will be a great success.
“We welcomed the Government’s backing before the elections and are extremely happy that they have decided to back the BID by promising pound for pound financial support. This means that every pound a local business pays into the BID will be matched by Government. We can achieve a great deal more together. We are pleased to work in partnership with the Government in this exciting venture.” GFSB Chairperson Julian Byrne.
“Place Management and BIDs work best when there are committed partners in both the public and private sectors. We are extremely pleased that this is the case with our work in Main Street/Irish Town & side streets, and we look forward to working together to create a strong business plan to realise the ambitions that all have.” Mosaic Partnership Founder & Director Mo Aswat.
“The Government has been working closely with the GFSB on the concept of the Business Improvement District (BID) for some time. We are committed to creating the conditions in which to generate economic wealth which in turn brings prosperity and employment to our people. We have told the GFSB that we will back the scheme on a pound for pound basis and will continue this work to bring the project to fruition.”
Minister for Business, Mr Vijay Daryanani.
More details on the BID can be found at https://mainstreetbid.com/
The GFSB has conducted a flash survey of its members concerning their experiences during the first two weeks of the new Treaty arrangements.
The Office of Fair Trading's latest Annual Report reveals record numbers of businesses, plans to simplify licensing through a new Business Act and fewer consumer complaints. GFSB's Business Support Manager, Kim Chang, breaks down what the proposed reforms, increased digital services and stronger enforcement could mean for businesses, and why the GFSB's role in shaping policy has been recognised.
What a year it's been! From the Treaty moving from negotiation to reality to AI, workplace pensions, business confidence and everything in between, this year's Thrive EDIT has helped members navigate one of the busiest periods in Gibraltar's recent history. Before we take a short summer break, Editor David Revagliatte looks back at the stories that shaped the year and thanks readers for joining us on the journey.
Could Gibraltar be missing a golden opportunity? GFSB Board Director Brian Ross believes the answer is yes. In this thought-provoking opinion piece, he argues that Gibraltar should consider a residency route for financially self-sufficient individuals, attracting experienced people with the wealth, expertise and international networks to strengthen our economy. Could this be the next step in keeping Gibraltar competitive?
For many SMEs, the success of the business has been built on the expertise, relationships and commitment of its owner. This entrepreneurial approach has been instrumental in the growth of many of Gibraltar's successful businesses. However, as organisations develop, dependence on a single individual can become a strategic risk.