SALES NEWS: Exeter business boost may help housing market too
Exeter businesses are voting on whether to set up a Business Improvement District – a forum to elevate the city centre’s profile as a shopping and working destination and make the area more attractive for new businesses looking to relocate or open an extra office.
The enhanced status of Exeter in recent years, particularly the opening of the Princesshay centre and the arrival of John Lewis and Waitrose stores, have been regarded as positive for local housing markets in the city itself and in east Devon.
If the BID is agreed by businesses it would have around £2.4m funding over the next five years to promote the centre and help it improve its support for firms based in, or moving to, the area. This is in addition to existing work by councils, tourist groups and individual companies which ‘cheer-lead’ for different aspects of the local area.