Penge votes yes in town centre BID ballot
PUBLISHED: 16:30 05 March 2018
Penge businesses have voted yes in the Business Improvement District (BID) ballot.
The Penge SE20 BID success follows the outcome of the four week ballot, which saw a majority of businesses voting for the BID proposal.
The total number of votes cast was 80, representing a turnout of 32pc.
In total, 87pc voted in favour, representing 90pc of the rateable value of votes cast.
The Penge BID proposal included improved CCTV coverage, a group purchasing scheme designed to save traders’ money on bills, a free a point of use fly-tipping removal service for local businesses and street rangers to improve local security.
Mark Painter of Property World, and chair of the Penge SE20 BID Steering Group said: “We now need to grab this opportunity and make sure that Penge benefits in the way that we know it can.
“This result gives us greater opportunities and already, this proposal has brought us closer together, which can only be a good thing for the future, as we look to promote Penge and all that it has to offer.”
Cllr Peter Morgan, executive councillor for Renewal and Recreation, said: “We are absolutely delighted for the Penge BID team, which gives an opportunity for the Penge business community to take a more active role in their management of their town.
“The additional investment this proposal will create will bring a greater cohesiveness to Penge and spur further success for businesses, and we look forward to continuing to work with the local community to improve Penge for the benefit of everyone.”
BIDs are both run and funded by local businesses, and the Penge SE20 BID Team includes members representing local traders such as Designer Drapes, Fosdicks Newsagents, Kirvan Bond Solicitors, Goldstores, Property World and Solitaire Jewellers.
Penge will now join the likes of Bromley and Orpington town centres who have both benefitted from having successful BIDs, and with the neighbouring Beckenham ballot also indicating approval for a BID, more businesses than ever will have the opportunity to get involved in helping to improve their local town centre.
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