Erdington businesses vote ‘yes’ to third term of BID

By on 16/11/2016 in Leader, News

Businesses in Erdington shopping centre have voted in favour of a third term for their Business Improvement District (BID).

Of those balloted, 84.2 per cent voted in favour (82.6 per cent by rateable value) – up from 72 per cent at the last vote in 2012 – with a turnout of 33 per cent.

Formed in 2007, Erdington BID includes more than 300 businesses and has brought in investment in excess of £1 million to support town centre businesses.

There are currently 277 BIDs across the UK, including 11 in Birmingham. A BID can operate for a maximum of five years at a time and must hold a renewal ballot of its members in order to continue for further five-year periods.

Jill Guest, Chair of Erdington BID, said: “This is a great endorsement from the BID levy payers for us to carry on our work and to continually bring improvements to the town centre. We look forward to working with Erdington businesses to get the best deal for the BID area.”

Councillor John Clancy, Leader of Birmingham City Council, said: “This is exciting news, not just for businesses in Erdington but for the wider community, who will also see significant benefits from a second term for the BID.

“Overseeing economic development across Birmingham is a key part of my responsibilities as council leader, so I am delighted that the business community in Erdington has overwhelmingly backed a second term, enabling a very succesful BID to continue growing and building on the successes of its first term.”         

For further information on Erdington BID, please contact BID manager Terry Guest on 0121 384 5860 or Erdingtonhighstreet@hotmail.co.uk.

-ENDS-

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