West Ealing businesses have voted in favour of a Business Improvement District.
Ballot results released on Friday 14 March by the Electoral Reform Services showed that half of the businesses took part in the West Ealing ballot and of those, 87% voted for the creation of a BID.
Councillor Julian Bell, leader of Ealing Council, said: “By setting up this BID, businesses have agreed to work together to help the town to thrive including investing £1million over the next five years on a range of projects to improve and promote West Ealing.”
The BID will start from 1 April 2014 and will run for five years. It will be financed through a BID levy on the rateable value of the town’s 331 businesses. The BID will spend the money it raises on projects set out in its business plan, including improving the safety and environment of the town, marketing and promotion and support for business.
A task force group has been formed to manage the BID in its first year before holding elections to a board of directors in 2015. The elected board will then oversee the BID for its remaining term which will end on 31 March 2019.
West Ealing BID will work in close partnership with the existing Ealing Broadway BID. The Chair elect of West Ealing BID, Sarah Evans of Waitrose said: “By voting YES to a BID in West Ealing we as business stakeholders make an exciting pledge to our local area’s future. We affirm West Ealing’s tremendous potential to flourish, and more importantly we confirm our collective commitment to investing and taking action to ensure that we realise this potential.”
The BID is funded by a capped 1.07% levy on businesses with a rateable value of £10,000 or more.