06
October
2015

Bradford Council says Yes!

Bradford Council says Yes!
Bradford Council says Yes!
Bradford Council says Yes!
Bradford Council says Yes!
Bradford Council will vote yes in the Keighley Business Improvement District (BID) ballot to attract £1 million to the town in  the next five years.

A BID is a partnership in which businesses in an area elect to make a collective contribution to the development and improvement of their commercial district.

Around 400 businesses within the BID area will receive ballot papers from Oct 5th and will have until 5.00pm on 12th November to cast their vote. The result will be announced on 13th November.

Bradford Council gets a vote as it pays business rates on its town centre premises. If the forthcoming ballot for the Keighley Business Improvement District (BID) is approved businesses will pay 1.5 per cent levy on top of the standard business rate.

Bradford Council has worked directly with the Keighley Town Centre Association to help the Keighley BID steering group put together the BID proposals.

The steering group is led by the private sector and will become an independent not-for-profit company, Keighleybid, to manage the projects over the next five years which is the maximum term for a BID without another ballot.

Graham Benn – of  DIY Solutions Ltd and Chair of the Steering Group said: "Voting Yes for the Keighley BID makes absolute sense for the future of Keighley town centre and the Council have recognised that.

"The Council put up the development funds for the BID, is covering the cost of the ballot and will pay for the BID manager for four years and will cover the costs of the BID’s office accommodation and equipment.
"Business Improvement District rules prevent the Council from replacing council services with funds raised from the business improvement district levy.”

Coun Susan Hinchcliffe, Bradford Council's Executive member for Employment, Skills and Culture, said: "Its well worthwhile the Council backing Keighley’s economy and helping business to campaign for Business Improvement District statusA healthy and prosperous Keighley Town Centre is what we all want.

"This is a good example of the approach the Council is taking as part of the New Deal. If there’s a Yes vote, Keighley will get the benefit of over £1 million raised by the levy over five years.”

The Council will have a representative on the Board of the new company and will collect and pass on the whole levy to the BID company if the ballot is positive.

This is a ground breaking collaboration between business and the Council and represents one of the most encouraging developments in Keighley in a decade.

Bradford Council’s elections unit will be running the ballot on behalf of the BID.

For the BID to proceed, over 50 per cent of the businesses that vote must be in favour and of those that vote yes must represent a greater total rateable value than those that say no.