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Poole Town Businesses vote YES to Business Improvement District

Great news as Poole town businesses voted a resounding ‘yes’ to implementing a Business Improvement District (BID) in the town.   

In a recent ballot more than two thirds of businesses in the Poole BID area (which includes the Quay, High Street, Dolphin Shopping Centre and adjacent streets) voted to support an exciting new programme of initiatives to improve the town centre of Poole.

BID Win Poole Town Centre

The results showed that of the businesses that voted a majority of 68 per cent were in favour, which also represented 68 per cent of the rateable value - a resounding endorsement for the scheme.

Now the BID has received a ‘yes’ vote, it will be funded by a 1.5% levy on most businesses in the designated area. The levy will raise approximately £330,000 each year of the BID period, totalling £1.65m over five years.

The BID will be managed and delivered by an independent not-for-profit company, and members of the Poole Town Centre Partnership steering group (PTCP) will oversee and manage the set-up of this new BID Company. PTCP is calling on all levy-paying businesses to come forward to register their interest to join the new BID board of directors.

Once elected, the new BID board will be responsible for delivering the projects outlined in the BID business plan to budget, in a timely manner and to a high standard.

An action plan to deliver the projects will be a priority for the new BID Company.

Chairman of Poole Town Centre Partnership board, Jonathan Sibbett, said: “We’re delighted with this extremely positive outcome. We’ve seen BIDs work to benefit other towns across the country, so we’re pleased that the rate payers of Poole have chosen to support a BID for their town.

“Any levy-paying business can come forward to be a part of the new BID Company board of directors. An action plan to deliver the projects is now a top priority to sort out some of the short, medium and long term activities.”

Helen Challis, partner of Quay Holidays and Quay Living, said: “This resounding yes vote is fantastic news for Poole. The BID will bring a host of businesses together, from small independents to large multi-nationals, to improve the area. The BID business plan has been drawn-up following extensive consultation over the past nine months, so it really does reflect the viewpoints of the businesses in Poole. This offers us an exciting opportunity to plan for the future of the town, to reinvigorate and revitalise it.”

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