Ahead of this process we heard from our levy-paying businesses during the Consultation in Spring 2023. Your feedback informed a new five-year business plan to be published at the end of August 2023 ahead of a ballot in September/October 2023, where you will have the chance to vote ‘yes’ or ‘no’ to the continuation of the BID.
For the BID to proceed to a third term, there must be a majority voting in favour by number and by rateable value of premises. Feedback from businesses so far indicates that there is an appetite for the BID to be renewed to ensure that the BID’s activities continue for another term from June 2024 to May 2029; without a BID they will finish on 31st May 2024 and all of the projects and services that the BID delivers will end. Click the BID 3 option on the dropdown (top of the page under ‘About BID’) for further information.
It is your BID scheme and it is vital that it reflects your needs and supports St Ives’ future prosperity.