High street regeneration red tape cut

The Government has removed some of the red tape that surrounded the set-up of new areas dedicated to improving high streets and regenerating town centres.

The UK has more than 150 business improvement districts, which target issues such as town centre safety, support for local traders and parking initiatives. They see local firms and traders working together to support the growth of their town centres.

From 7 October it will no longer be necessary to hold separate ballots in each of the areas included in a proposed business improvement district that crosses local authority boundaries. A single ballot for the entire area will now be allowed.

Local Growth Minister Mark Prisk said:

"Local communities and local businesses know what works best in their area. We know business improvement districts enable local businesses to realise their potential by successfully raising money to re-energise their high street and cutting unnecessary burdens on them will help more communities get started."

The Government also said that details of a £500,000 loan fund to help business improvement districts with start-up costs will be announced later this year.