Council to match funding by Hatton Garden BID team

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Presman Mastermelt first local business to make donation to BID fund.

Presman Mastermelt managing director Tony Bransbury has pledged £5,000 to the Hatton Garden Business Improvement District (BID) fund, following the news that Camden Council will match seed funding raised by the BID committee up to the value of £100,000.

Following a meeting with Camden councillor Phil Jones, it has been agreed that in support of the jewellery trade, Camden will match seed funding raised by the BID committee.

The council are prepared to support the trade up to the value of £100,000, which is around half the estimated cost of preparing the BID over a two year period.

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Therefore, £100,000 of funding needs to be raised from local supporters who recognise the benefits of the BID.

Primera Corporation has been appointed as the Hatton Garden BID developer, and will operate under the direction of Ruth Dunston.

Currently, the BID committee are in the process of creating a document outlining the potential improvements to the Hatton Garden area, while engaging with local landlords and established business.

The contribution of Presman Mastermelt was detailed in a newsletter update by Gary Williams, deputy chairman of the British Jewellers’ Association.

Presman Mastermelt managing director Tony Bransbury explained: “We recognise the need to invest and improve the area so that the local jewellery industry can benefit from the economic growth which Crossrail at Farringdon will bring, when it opens in 2018.”

The committee is also on the look-out for voluntary services to support the BID, including printing, branding, web construction, social media and office space.

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