Waterfront businesses voted a clear ‘YES’ in a ballot to decide on continuing the Waterfront Business Improvement District (BID), with a 41 per cent turnout in line with the national average turnout for BIDs nationwide.
Results announced on 2 March 2017 showed 67 per cent of voters backed the BID to continue to drive investment in the Waterfront and give local businesses a greater say in the way the Waterfront is marketed and managed.
The vote gives the go-ahead for Plymouth Waterfront Partnership (PWP) to set up the renewed Waterfront BID2 and to work with Plymouth City Council and other partners in taking forward the Waterfront Business Plan, which will target £10.4 million of investment in the Waterfront BID area over the next five years. The BID will come into operation on 1st April this year and run until 31st March 2022.
The Yes vote represented 86 per cent majority of the total rateable value of businesses which voted in the ballot. (A majority in terms of votes cast and rateable value is required to meet the ‘dual-lock’ mechanism for a BID to be legally voted through).
Street names within the Waterfront BID2 Area
