In 2007 Segensworth estate companies voted to become a Business Improvement District (BID). Run by Segensworth Business Forum, every business is a member, and enables the Segensworth Business Forum to implement specific value-add BID projects.
In 2012 businesses on the estates voted to continue for a further 5 years with an increased mandate:
- Consolidating effective services and projects
- Introducing new services and projects to further enhance the trading environment for businesses and employees on the estate
- Proactively promoting the interests of the estates through SBF
The BID has a focal point in the Segensworth Business Forum to go above and beyond the work of local authorities and government and leverage significant change.
By working together to improve major issues of access, safety and security, the Segensworth Business Forum helps safeguard the business community and make a significant impact on the quality of environment we trade in.
As well as lobbying the for increased funding, the BID levy will generate over £900,000 during the 5-year term, dedicated to improving the estates.
About the Forum
Segensworth Business Forum (SBF) represents the interests, concerns and issues of all businesses on the Segensworth Industrial Estates. A single and coordinated voice, the Forum works on behalf of everyone, lobbying for better services and increased funding to make the Estates a better place to work.
About the BID
A Business Improvement District enables groups of businesses to join together and commission improvement projects. Covering the four Segensworth Estates north, south, east and west the BID is managed by Segensworth Business Forum Ltd. The Segensworth BID generates an income through a levy of 1p in the pound of rateable value for each business ratepayer. Since 2007 SBF has delivered significant improvements that have enhanced the trading environment for this business community.