Business networks and BIDs

BID ballots

The BID ballot is a vote conducted by the eligible businesses within the BID area on whether they would like to establish a BID. The BID proposer will provide a proposal when announcing the ballot; the proposal will detail the arrangement the BID is proposing to establish and will detail their plan and levy arrangements.

A successful vote is one that has a majority both in votes cast and in rateable value of votes cast. Each business entitled to vote in a Business Improvement District ballot is allowed one vote in respect of each property occupied or (if unoccupied) owned by them in the geographical area of the Business Improvement District.

Most UK BIDs are established for five-year terms. On completion of the five-year term a new ballot is held to see if the eligible businesses wish to continue being part of a BID.

The most recent BID ballot results are below:

Blue Bermondsey BID

Date of ballot

July 2019

The total number of valid votes cast

140

The total aggregate rateable value of valid votes cast

£4,771,600

The total number of valid votes in favour of the BID

91

The total aggregate rateable value of valid votes in favour of the BID

£2,932,550

The total number of ballot papers rejected (if applicable)

0

South Bank BID

Date of ballot:

June 2019

The total number of valid votes cast:

147

The total aggregate rateable value of valid votes cast:

£87,214,500

The total number of valid votes in favour of the BID:

145

The total aggregate rateable value of valid votes in favour of the BID:

£86,173,500

The total number of ballot papers rejected (if applicable):

21

We Are Waterloo BID

Date of ballot

February 2016

The total number of valid votes cast

317

The total aggregate rateable value of valid votes cast

£36,724,650

The Total number of valid votes in favour of the BID

290

The total aggregate rateable value of valid votes in favour of the BID

£32,068,450

The total number of ballot papers rejected (if applicable)

Not provided

Team London Bridge

Date of ballot

October 2015

The total number of valid votes cast

239

The total aggregate rateable value of valid votes cast

£103,264,750

The Total number of valid votes in favour of the BID

213

The total aggregate rateable value of valid votes in favour of the BID

£98,611,250

The total number of ballot papers rejected (if applicable)

16

Better Bankside BID

Date of ballot

November 2014

The total number of valid votes cast

320

The total aggregate rateable value of valid votes cast

£78,515,509

The Total number of valid votes in favour of the BID

283

The total aggregate rateable value of valid votes in favour of the BID

£59,610,009

The total number of ballot papers rejected (if applicable)

1

Blue Bermondsey BID

Date of ballot

July 2014

The total number of valid votes cast

90

The total aggregate rateable value of valid votes cast

£1,903,000

The Total number of valid votes in favour of the BID

80

The total aggregate rateable value of valid votes in favour of the BID

£1,615,250

The total number of ballot papers rejected (if applicable)

0

Southbank BID

Date of ballot

June 2014

The total number of valid votes cast

82

The total aggregate rateable value of valid votes cast

£64,977,150

The Total number of valid votes in favour of the BID

74

The total aggregate rateable value of valid votes in favour of the BID

£61,757,150

The total number of ballot papers rejected (if applicable)

5

*Please note, ballots for the Southbank and We Are Waterloo BIDs are administered by Lambeth Council.

Page last updated: 23 July 2019