Newquay Business Improvement District has been successful with its application for £10,000 of funding to help make Newquay’s plans for growth become a reality. The application to the Coastal Town Team Fund, which was developed in partnership with other key local organisations including Newquay Regeneration Forum, Newquay Marine Network, the Seapool group, Newquay Town Council, Newquay Chamber of Commerce and Cornwall Council, is to access a funding pot that enables local towns to develop a plan to boost their local economy . The £10,000 will be used to carry out the surveys, design and feasibility studies needed to get key projects off the ground.
The priority projects for the Coastal Town Team are the sea pool, a fit trail, the harbour and the Killacourt. The projects have been put forward by local people and businesses and all are intended to encourage greater visitor numbers, longer visits and time spent in the town centre.
Kate Cortez, Assistant BID Manager, said: ‘ We are really excited that we have been able to secure this funding as it means we can help get these great projects up and running. It also increases our chances of being able to secure further funding to put towards them.’
Andy Cole, Chair of Newquay Regeneration Forum said: ‘This is brilliant news and now the work begins!’
One of the ambitions in the 5-year BID business plan was to bring in an additional £10,000 per year in match funding to boost the work of the BID.
So far Newquay BID has secured £67,000 in additional funding for BID projects, which is £17000 above the target. This means that for every £100 paid into the BID by a business the BID team have added a further £9.
Eve Wooldridge, BID Manager explains: ‘It is important that the BID team continues to secure additional funding like this because it means that the money that Newquay businesses have invested into their town goes further and we can achieve a higher impact with our projects.’
If BID members want to put forward their own priorities for the BID they can do so by returning the BID renewal survey which has been posted out to each BID voter. If any member has not received their form they can request one from the BID office.
Contact: BID Manager, Eve Wooldridge at email@example.com