London Bridge BID renewed

The ballot closed on 4 November and the formal announcement of the results can now be made. The new term will start at 1 April 2011 (current term finishing on 31 March 2011) and will bring in BID levy over the next five years to deliver a range of services to the commercial and trading district covered by the BID.

The vote was up from last time at 77% by number and 89% by rateable value (first ballot 71% and 78% respectively).

They required a positive vote of over 50% votes cast also representing over 50% aggregate rateable value of the votes cast.

The council is required by BIDs regulations to be the Ballot Holder for BIDs.

Go to www.teamlondonbridge.co.uk for more information.