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In November 2014 businesses have been invited to vote to maintain a BID for another 5 year period from April 2015 until March 2020. The results of the 28 day postal ballot for which 643 businesses were asked to vote were announced on 28th November 2014 with 65% by number and 71% by aggregate rateable value supporting a second BID term. There was a 50.2% turnout with 323 businesses voting. To find out more about the ballot process please click on the following link and Vote ‘YES’ for BID. Click here to view the Declaration of Ballot Result 28/11/2014 by Electoral Reform Services.
This positive vote means that over £2 million worth of investment will take place over the next 5 years on city centre initiatives. It will allow the delivery of projects that businesses themselves have stated that they want delivered and these include many existing as well as new BID projects which will really boost the profile of Worcester and its businesses.
This was a crucial decision for Worcester – much has been achieved through the BID, there remains much to be done but there is also lots to lose by not continuing with the improvements and investment that has already delivered. Thank you for your support and we look forward to continue working with you over the next 5 years.
