Consult further on the viability and legality of a transient visitor levy
This is where we are now
Consultation has taken place on the legality and viability of the transient visitor levy and the administration will not be pursuing further. Consultation continues on a voluntary funding mechanism. Proposals are being worked up and a stakeholder workshop is planned for January 2014.
The Council agreed in October 2012 to further consultation with relevant sectors and stakeholders with a view to developing a preferred model by early 2013.
It has been agreed with the Strategy Implementation Group (SIG) of Edinburgh Tourism Action Group (ETAG ) that no public or industry consultation should progress until further work has been completed and discussed at the next SIG meeting on 24 May 2013.
Research has been undertaken to assess a variety of funding models which could be used to generate additional funding for destination promotion activity and there are a number of possible models such as Tax Increment Financing (TIF) and a Tourism Business Improvement District (TBID) which could be applied. Marketing Edinburgh has secured seed corn funding from BIDs Scotland to progress the development of a TBID for the city.