South Bank BID wins Third Term Ballot
Image credit Lambeth Council
South Bank Employers' Group is delighted to announce that South Bank BID has won it's Third Term Ballot, with businesses in South Bank have voted an overwhelming ‘Yes’ to seeing the work of the BID continue for a third term.
SBEG is the delivery agent for South Bank BID, having established the BID in 2014 in February. During the Ballot Process, eligible BID levy payers had the opportunity to cast their vote and help shape the future of South Bank over the next 5 years.
Out of all valid votes received, 99.34% of the businesses that voted were in favour of the BID continuing for a third term. And these 'Yes' votes equated to 99.55% of the total rateable value of the business premises of those that voted.
As with all BID ballots, South Bank BID needed to secure the majority (50% plus) on both measures. To do to this so convincingly is a clear demonstration of the South Bank’s business community’s support for the collective investment that’s delivered through South Bank BID and the BID model.
To learn more about the Ballot and South Bank BID, please see here.