by Prof Cathy Parker
I was recently invited to give a keynote speech at the Annual General Meeting of Leeds Business Improvement District (LeedsBID) which is a business-led, not-for-profit, non political organisation that networks over nearly 1,000 business and organisations and raises over £2.4m per year of additional income to invest in the city. And Leeds is doing very well. Footfall is up, investment is up, the local economy is buoyant.
But cities have always been agglomerators of key industries, infrastructure and jobs. They accommodate important services and facilities in a spatially-efficient manner. Not every town or city can have its own banking sector or its own airport etc. It makes sense to strengthen our cities because they need to serve a wide geographical catchment. Continue reading “Big city BIDs and their role in regional economies”