|£500,000 Secured to Market and Manage Caterham for the Next Five Years
After an independent month-long postal ballot, eligible businesses in Caterham have voted YES to continue the Caterham Valley Business Improvement District (BID). It will now operate until 2027, spending over £500,000 in that time to market and manage the town centre.
The ballot result was announced by Tandridge District Council Chief Executive David Ford, the Returning Officer on Friday, 19 November.
87% voted in favour by number and 80% voted in favour by rateable value. A majority was required on both counts in order for the BID to continue, and this was achieved.
Speaking on behalf of the BID, Andrew Browne, Chair said, ‘’We are thrilled with the result as it will allow us to continue the work we have been doing to support the town centre, particularly in these challenging and changing times. I would like to take this opportunity to thank those businesses that took the time to vote and expressed confidence in our ability to deliver.’’
Caterham BID will focus on delivering a refreshed five-year business plan, which has been the result of consultation with businesses this year. It will further develop the successful marketing and promotional activities, alongside better access, an attractive environment, business support and lobbying on their behalf. The full business plan can be viewed by following this link.
“I am very excited about the future,” said BID Manager Sue McGeown. “As a small BID so much has been achieved over the past five years and we can now build on that, taking full advantage of the easing of lockdown as well as other investment in the town centre.”
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