Businesses in Hammersmith have said yes to a renewal of the HammersmithLondon Business Improvement District.
Businesses voted “yes” in the Renewal Ballot which took place from 1st February to 2nd March 2011.
In April 2006, the BID was formed from organisations within the HammersmithLondon BID area who first voted to make compulsory contributions towards a fund which would pay for extra local services and projects for a period of five years. It has been run as a not-for-profit organisation by a voluntary Board and sub-groups made up of local business people and organisations. As the term of office was coming to an end, a new vote was required for businesses to decide if they wanted to continue these contributions via a levy on their business rates.
An executive team of four staff delivers BID projects which have been outlined in the business plan and agreed by the Board. These include extra local police patrols, a waste recycling scheme that saves businesses money, area promotion including the award winning HammersmithLondon Roof Garden, a summer festival and big screen, Christmas lights, a loyalty scheme to encourage use of local shops and services, extra street cleaning and events and networking programmes throughout the year. All of these will now continue and even expand over 2011-16.
The BID’s Executive Director, Arun Sondhi said, “This result is a significant endorsement of the BID and our new business proposal, especially given the tough economic situation many businesses currently face. I would like to thank all of the businesses who voted and the team look forward to working with them over the next five years”
The full details of the vote are as follows:
- Votes cast in favour by rateable value: 77%
- Votes cast in favour: 69%
- Turnout: 47 %
For further information about the renewal ballot, visit www.hammersmithlondon.co.uk