Breaking news: Bedford BID secures fourth term

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Love Bedford Bedford BID shop front
Love Bedford is the marketing brand of BedfordBID Ltd

Bedford’s Business Improvement District (BID) has secured a fourth term, winning its latest renewal ballot.

Bedford BID, more commonly known as Love Bedford, was formed in 2005 as one of 12 pilot BIDs set up by the government at the time.

Just 33% of businesses (175 out of 523) eligible to vote took park.

Chair of Bedford BID, Samantha Laycock, said: “We are delighted to be able to work with the town for the next five years.

“The result is a testament from businesses of all sizes, showing that they are committed, feel supported and understand that this is great news for the town.”

Under current rules, each BID must ask businesses within their area every five years if they want them to continue under a BID system.

Each businesses within the BID boundary contributes 2% of the rateable value of its property each year to contribute to the running costs of Love Bedford, enabling them to carry out their business plan.

Bedford BID 2019: Declaration of Result

Total/ aggregate
The total number of votes cast in the ballot excluding any votes given on the ballot papers rejected 175
The aggregate rateable value of each hereditament in respect of which person voted in the ballot £7,870,550
Of the above votes Total/ aggregate
The total number of votes cast IN FAVOUR of the proposed Business Improvement District 121
The aggregate rateable value of each hereditament in respect of which a person voting in the ballot has voted IN FAVOUR of the proposal £6,944,900
The total number of votes cast AGAINST the proposed Business Improvement District 54
The aggregate rateable value of each hereditament in respect of which a person voting in the ballot has voted AGAINST the proposal £925,650

 

More to follow…