Andrew from Koh Thai Tapas Restaurant told me about how he has invested in a difficult part of Boscombe. He asked me what can be done to recognise and help such businesses that are willing to invest their money in ways which will be of benefit to a local area?
I am heartened by the number of new businesses in Boscombe which have become very successful whilst maintaining a high quality which bucks the trend for an area like which has previously known for problems. We must be positive about Boscombe and promote the fantastic assets and success stories in the area. I run a website called Boscalicious, which aims to do this by advertising news, events and local business, attracting thousands of visitors each month.
When people are willing to invest their In the longer term this should be recognised. We will fundamentally reform business rates to a fairer system where rates are based on site values rather than rental values, encouraging businesses to invest in their premises rather than penalising them. We will also change the system so that business rates are retained locally so that businesses that invest in an area see investment from councils in return.
This article appeared in the March 2010 edition of BH Business, the magazine of Bournemouth’s Chamber of Commerce.