Newbury Business Improvement District (BID) businesses have made their voices heard and voted “yes” for another five-year BID term.
Ballot results released by the independent scrutineer, Civica Election Services, revealed that 78% of businesses who voted supported the continuation of the BID- the highest percentage achieved in Newbury BID’s three ballots (previous ballots took place in 2011 and 2016). Together these yes votes represent 81% of the total rateable value of voting businesses.
This is the third successful ballot result for Newbury BID, the not-for-profit organisation behind the Visit Newbury brand, which was first formed by town centre businesses in 2012 and started its second term in 2017.
The majority “yes” vote for the BID means Newbury town centre will benefit from over £1.2million of ring-fenced business funding between 2022 and 2027 to help visitors and businesses to DISCOVER Newbury, EXPERIENCE Newbury, and PARTNER IN Newbury, with the aim of helping the town centre and its businesses thrive. The new BID term and its projects outlined in the Term 3: 2022 – 2027 Business Plan will come into operation on 1st June 2022, immediately after the end of the current term.
Melissa Hughes, Chief Executive Officer at Newbury BID, said:
Warwick Heskins, Chair of Newbury BID, added:
Lynne Doherty, Leader of West Berkshire Council, added:
Newbury BID joins over 330 successful BIDs in the UK working towards creating future-proof towns, cities and places.
More information on Newbury BID and the ballot process, in addition to the Term 3: 2022 – 2027 Business Plan, click here.