West Ealing companies back BID formation
by James Wood Tue 18 March 2014, 5:11 pm
West Ealing businesses have voted in favour of making the area a Business Improvement District (BID).
Ballot results released on 14 March by Electoral Reform Services showed that half of the businesses in the area took part in the West Ealing ballot, of which 87 per cent voted for the creation of a BID.
The BID will be implemented from 1 April and run for five years. Its purpose is to give local businesses greater influence on the future of the town, and raise £1 million of investment for the BID area over the period.
Money raised will be spent on projects set out in the BID plan, including improving the safety and environment of the town, marketing and promotion and support for business.
Councillor Julian Bell, leader of the council, said: “This is excellent news for the future prosperity of West Ealing.
“The council has ambitious regeneration plans for our borough that seek to strengthen the local economy and create jobs for residents. With the West Ealing BID, the council and businesses can work closer together in partnership to achieve this.”