Businesses vote to approve Clevedon BID
PUBLISHED: 17:00 25 April 2018
Clevedon businesses have voted to approve plans for a Business Improvement District (BID).
A total of 62 per cent of the 108 traders in the proposed BID area who cast a vote in the ballot supported the project, which will see businesses with a rateable value of at least £5,000 pay a two per cent levy which is estimated to raise £500,000 over the BID’s five-year period.
The money will be spent on improving connectivity, marketing and enhancment of Clevedon’s retail and leisure areas.
MORE: BID business plan launched
BID co-chairman Victoria Saunders said: “The BID will enable 240 local businesses to work together in a more constructive and effective way to improve the shopping experience, so people come more often and stay longer.
“We aim to create a stronger sense of community feel with events and family and school-oriented activities.”
The BID will now be formalised in the shape of a limited company and a board of directors will be elected.
Agreed early projects include digital marketing, parking and events.