Voting underway for BID renewal

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Voting papers have now gone out to more than 400 businesses in Truro city centre asking them to vote for or against renewing its Business Improvement District.

Neil Scott

More than 100 votes have already been cast within the first three days of voting.

Since 2007, Totally Truro, the not-for-profit company behind the BID, has been delivering improvement projects from funding Christmas lights to putting on cultural festivals and providing floral displays.

Now businesses who are eligible to vote are being urged to vote again for the renewal of a five-year term of updated improvement projects. They have until 5pm on Thursday, July 12 to return their papers.

Neil Scott, BID manager, said: “We have achieved some incredible things since Truro’s BID was first established in 2007. We were the first location in Cornwall to develop a BID as a sustainable way of funding improvements to town centres and now there are four in operation with more being developed.”

As a direct result of the feedback from Truro businesses, the Totally Truro team has structured its future business plan into four projects: Events, Marketing, Attractiveness & Accessibility and Getting the Best for Business.

These will be funded by a 1% levy paid by businesses whose premises have a rateable value of £12.5k or more. The overall pot will yield around £305k each year for five years. The renewed projects will run from October 1 to  September 30, 2017.

Accompanying the ballot papers being distributed to those businesses eligible to vote is a ballot statement, which explains how the ballot works and briefly outlines the projects.

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