News

Lancaster BID Welcomes Neighbour BID

8th June 2016

Morecambe BID announced it's 'yes' vote on 27thMay after receiving a resounding eighty per cent of voters voting in favour of the BID. The Morecambe BID ballot closed on May 26th and of the 117 received votes, 95 were in favour of the BID representing around 80 per cent of the vote, with a combined rateable value of over £1.8 million.

inTheBay reported that BID chairman Brendan Hughes said that the vote was a landmark moment for the town. Mr Hughes said: "A business improvement district is basically a pot of money that businesses in the district pay into and it is spent according to what those particularly businesses want it spent on."It's not government money, it's not council money, it's operated and owned by the BID team and can really make a difference in the area." Mr Hughes added that the opportunity to get businesses together and working towards a common goal was one not to be missed.

With work being undertaken across Morecambe, from The Bay Gateway to the redevelopment of the Arndale Centre, Mr Hughes added that the BID is another example of the opportunities available in the town. Mr Hughes, said: "It definitely is a step in the right direction, the work on the Arndale centre is long overdue and the important part is that the work is taking place now and when it all comes together linked with The Bay Gateway it will represent a turning point for Morecambe Town centre. "The first meeting will be at the beginning of June and we're hoping to set up a BID company and looking for businesses within the BID zone to come forward and help us decide how that money will be spent."

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