Businesses say YES to exciting investment plans; PLANS TO MOVE AHEAD FOR TOWN TO BECOME A 'DESTINATION' IN ITS OWN RIGHT.
Byline: MARTIN SHAW firstname.lastname@example.org @MARTINSHAWWRNS
A BUSINESS Improvement District (BID) is to be launched in Brighouse after the town's businesses voted 'yes' in a month-long postal ballot.
All businesses within the town centre's BID boundary were eligible to vote on the proposal which has a vision to create a 'destination town.' Of those who took part 71.9% voted in favour. The vote represented 71% of the total rateable value of the properties owned and managed by those who voted.
Under BID regulations, more than half of those taking part in the ballot must support the scheme for it to go ahead and they must account for more than half of the total rateable value of the businesses.
Lesley Adams, chairman of the Brighouse BID Steering Group, said: "This is an exciting moment for Brighouse. The town's businesses have delivered a vote of confidence in the proposals we put forward to bring in more investment and have more say on our own destiny.
"We have a proud history, a strong sense of identity and, together, we can now move forwards to making Brighouse an even better place to live, work and shop in the future."
The business improvement proposal was developed with both financial and officer support from Calderdale Council.
Now a 'yes' vote has been secured, the local BID team, with continued council backing, will begin the process to establish it as a legal entity, with an operating board of the town's business people overseeing how the money raised, estimated to be around PS120,000 a year, will be spent.
It will commence operations in April 2019.
Calderdale Council's Cabinet Member for Regeneration and Economic Development, Clr Barry Collins, said: "This is great news for Brighouse and the programme of investment that will follow the vote will bring great benefits to the town.
"The BID will help the town's businesses build on the great work they already do in the town, helping Brighouse become economically stronger." The BID's income will come from a levy of 1.75% of rateable value on businesses within the BID boundary who have a rateable value of PS2,000 or above.
For over 60% of businesses, this means an investment in Brighouse of PS175 or less per year, a daily cost of less than a second class stamp.
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|Publication:||Huddersfield Daily Examiner (Huddersfield, England)|
|Date:||Oct 27, 2018|
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