03 Jul Business cost saving survey results
Hexham BID is using the results of a recent survey to bring cost savings to local businesses.
Over the last 6 weeks levy paying businesses have had the opportunity to have their say. A 5-minute online survey gathered views on areas where local business owners want to save money. These feed into the BID’s latest project which will explore and implement cost-saving schemes in Hexham.
With so much to consider in the daily running of a business, access to group savings could make a big difference. Survey results show that three main areas are important to the participants: electricity costs came first, followed by broadband and telephone services and then card and merchant services. Most respondents showed interest in being part of a group purchase scheme.
‘We’d like to thank local businesses for taking part in this survey for Hexham BID.’ said Helen Grayshan, BID Manager. ‘The responses are essential in developing the project further’
From the results, the BID team will explore options available for all Levy paying businesses to access savings. These will focus initially on the three key areas highlighted by the successful survey. Work has already begun on negotiating reduced price electricity. Participation in the scheme will be optional, and cost savings will vary depending on individual business needs.
Supporting businesses to collaborate and grow together is at the heart of the BID’s work. Ongoing projects such as the cost saving scheme and Town Ranger initiative bring business owners together, offering opportunities for the local business community. The BID team continue to work for Hexham businesses to enhance and improve the town.