Business in Penrith have voted YES in the Penrith Business District ballot that closed on Wednesday.
The ballot was held following an unsuccessful third term renewal ballot held last November.
The BiD term ended in April as a result but the BiD directors proposed a new ballot to be held after it emerged some of the bigger rateable business had not cast a ballot in November.
The results announced on Thursday showed that 128 of the town center businesses in Penrith voted Yes to the renewal of Penrith BiD.
With a total of 159 ballots cast with 31 voting against the bid.
The rateable value total represented 71.14% at £3,797,050 voting YES.
In a short statement issued by Penrith BiD board director and Vice Chairman Dan Harding said “I am delighted to inform you that a successful ballot result was announced on 29th June 2023.
A majority of Town Centre businesses, which voted 80.5% by number and 71.14% by ratable value, have said" yes" to
the Penrith Town Centre BID for a five-year term from 1st August 2023 until 31st July 2028.
The BID will now begin planning to deliver the projects and services which directly reflect the priorities of the business community, as identified through our consultations with you.
For the next five years, in partnership with key stakeholders, the BID Company will play a significant part in improving Penrith's competitive position and making our Town Centre a more welcoming place to visit and work.
We now look forward to forging new and stronger partnerships in order to restore confidence and progress to our Town Centre.
I would like to pay tribute to the members of the Board and the team who have worked hard in delivering a BID for the Town. We are now looking for new board members to join the team to bring new vision and creativity.”
Penrith BiD was first established in 2013 following a ballot held in December 2012 that resulted in 138 business voting in support of creating the Business improvement district for Penrith town centre.
Then select "Add to Home Screen"
