Hastings secures a town centre BID

Priory Meadow in the town centre
Priory Meadow in the town centre

Organisations in Hastings town centre have voted to introduce a Business Improvement District (BID).

Voting took place between October 13 and November 10 and a total of 456 businesses and organisations in the town centre were eligible to place their vote for or against the BID.

Hastings BID logo

Hastings BID logo

A total of 206 votes were cast.

In order for the vote to be a ‘Yes’ and therefore for the BID to proceed the ballot had to secure aggregate rateable value in favour and a majority vote in favour of the BID.

A total of 206 votes were cast with an aggregate rateable value £10,058,400.

Of those 206 votes cast 148 were in favour (72 per cent) and the aggregate rateable value in favour was £5,576,950 (55 per cent) therefore the BID will go ahead.

The Hastings BID, to be managed by a newly-created Hastings Town Centre BID company, aims to improve the experience for residents, visitors and businesses in Hastings and to market the town as a great place to work, live, shop and visit.

It wants to reflect the ethnic and cultural diversity of the town, provide a voice and support for town centre businesses and lever in more money from other sources to supplement budgets.

Councillor Dawn Poole, Hastings Borough Council’s lead member for regeneration, said: “This is excellent news for businesses and organisations in our town centre.

“The Hastings BID will start on April 1, 2017 and will fund 18 additional town centre projects within four themes; a better feel for the town centre, better connections and communications, a stronger business voice and a safer place.

“All funds generated by the BID will be held by the newly created BID company to spend locally on its approved projects.

“Our thanks must go to all who have been involved in getting this project up and running.”

To find out more about the Hastings BID visit www.hastingsbid.co.uk.

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