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Bromley votes ‘yes’

© Copyright Stacey Harris and licensed for reuse under this Creative Commons Licence.

© Copyright Stacey Harris 

 

At least £3million of additional investment will now flow into Bromley town centre following the YES vote.

The voting approval for a Business Improvement District (BID) in Bromley town centre gives businesses a greater say in how the town is managed.  It follows the outcome of the 4 week ballot which saw a majority of businesses voting for the BID proposal.  The total number of votes cast was 183, representing a turnout of 33%.  In total, 85.8% voted in favour, representing 90.4% of the rateable value of votes cast.

“This is very positive news that will build on the successful initiatives already underway or completed.  It puts real power in the hands of businesses and we have worked with businesses all the way along this process and are committed to working closely with them going forwards to best position Bromley town centre for the competitive pressures ahead” said Councillor Peter Morgan, Executive Councillor for Renewal and Recreation.

Kate Miller, Chairman of the Your Bromley BID company, welcomed the news and said, “We are delighted that businesses have voted in favour of the setting up of a BID for Bromley.  We now look forward to getting to work on delivering the projects and initiatives outlined in the business plan”.

The Bromley town centre BID will give businesses a greater say in how the town is managed, with the initiative approved by the council’s Executive in the summer and £80,000 of council grant funding to help develop a business plan for the Your Bromley BID company. The Your Bromley BID company were also awarded £20,000 of grant funding from the Mayor of London to put towards BID development. The news follows a successful BID in Orpington, with Orpington1st operating as the BID company since 2013.  

The main themes are Bromley made safer, Bromley made smarter, Bromley made prominent and Bromley made for business and further information is available at www.bromleybid.com website.  The BID ballot zone included the whole of the High Street, Elmfield Road, the Bromley North Village area and both intu Bromley and Bromley Mall.  Your Bromley BID will start operation in April 2016 and run for a 5 year term.