News / Bristol City Centre BID
BIDs unite to save local high streets more than £130,000
Three of Bristol’s Business Improvement Districts (BIDs) say they have helped save local businesses more than £132,000, nine months into a new partnership.
The Bristol City Centre, Redcliffe & Temple and Broadmead BIDs have appointed cost saving experts Place Support Partnership (PSP) to deliver a programme aimed at reducing business operating costs.
The partnership offers expertise and resources, helping businesses to achieve their sustainability goals and compete in today’s market.
It also provides guidance spanning a variety of topics, including energy efficiency, sustainability and cost reduction strategies.
Steve Bluff, head of Redcliffe & Temple BID, said: “We have a broad mix of professional services, hospitality and retail businesses within our BID area and sustainable cost management is important to all of them to ensure they can thrive.
“We partnered with Rishi [founder and CEO at PSP] and his team because of their excellent track record across the UK in identifying significant savings and if your business hasn’t already, we recommend getting in touch to explore the opportunities”
Vicky Lee, head of Bristol City Centre BID, says the PSP has become a “valuable asset” – photo: Bristol City Centre BID – Redwood Events
Vicky Lee, head of Bristol City Centre BID, said: “We look forward to continuing this collaboration with the PSP making savings for businesses in the city centre, who have been dedicated to providing the best services for customers through this cost-of-living crisis.
“The PSP has become a valuable asset during a time of uncertainty for many local businesses. We have already seen fantastic results for our levy paying members and we hope this will help them to feel ever-more confident in making financially sound decisions long into the future.”
Rishi Sood, founder and CEO at PSP, added: “As we enter this period of uncertainty, it is fast becoming apparent that the need to make savings wherever possible isn’t just a national issue – but a global one.
“Retail has always been a challenging sector, especially with the rise of e-commerce, but the acceleration of moving to digital during the pandemic, and now with the effects of the energy crisis, many more businesses have been forced to close.
“The climate will remain difficult throughout 2023, therefore it is PSP’s goal to lead by example and deliver strategic, smart and ethical programmes that can offer trusted advice, guidance and support.”
PSP was born out of a passion for supporting businesses and is designed to help generate economic outcomes for all involved.
It has been commissioned by 60 BIDs and 12 local authorities to date and has identified millions of pounds worth of savings since 2021.
Main photo: Bristol City Centre BID – Redwood Events
Read more:
- Redcliffe & Temple BID partners with Neighbourly
- Bristol Beacon announces new partnership with First Bus
- Shop owner launches petition to ‘save Bristol’s independents’
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