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A BID Steering Group (BSG) will be established to represent the interests of the BID levy payers (BLP), the TTCCo Board and Torbay Council. The BSG will comprise:-
- 6 representatives of Torquay BID levy payers (BLP) representing sectors and geography within the BID area (elected annually)
- The chairman to be elected from one of the 6 BID levy payers representatives.
- 2 Directors of TTCCo.
- 1 representative from Torbay Council.
- The Chief Executive TTCCo.
- The BID Manager
The BSG will have no legal or financial powers, but will influence the delivery of the BID.
This group will meet on a regular (monthly) basis to monitor progress and to direct the overall delivery of the Plan. The BLP members will be invited to bring representations from their fellow businesses to the BSG. In turn all these activities will be reported to the TTCCo Board of Directors for ratification.
Subject to the ratification of the TTCCo Board of Directors, the BID Steering Group will have discretion when necessary to transfer funds between budgets in order to achieve best value or maximise efficiency, provided it does not compromise the delivery of the Business Plan.
The BSG will be set up as a matter of urgency following a positive BID ballot. The BSG will be responsible for ensuring that the Business Plan is delivered, setting performance targets and for liaising with, and representing the views of levy payers and holding the TTCCo to account for the delivery of the BID.