BID scheme approved for Bromley
Mon 30 November 2015, 3:59 pm
Businesses operating in Bromley town centre have approved plans for a Business Improvement District (BID) scheme, which according to Bromley Council, will give them a greater say in how the town is managed.
Companies operating locally will contribute ideas towards council-run themes such as “Bromley made safer”, “Bromley made smarter”, “Bromley made prominent” and “Bromley made for business”.
A four-week ballot saw Bromley businesses vote for the BID proposal. A total of 33% of businesses voted, with 85.5% polling in favour.
Councillor Peter Morgan, executive councillor for renewal and recreation, said: “This is very positive news, that will build on the successful initiatives already underway or completed. It puts real power in the hands of businesses.
“We have worked with businesses all the way along this process and are committed to working closely with them going forwards to best position Bromley town centre for the competitive pressures ahead.”
Bromley Council said at least £3million of additional investment will now “flow into Bromley town centre” following the vote.