The vote is a postal ballot; the Broadmead BID ballot was conducted by Electoral Reform Services, on behalf of Bristol City Council.
Business ratepayers are entitled to vote if they are listed as a non-domestic ratepayer on the date that the notice of the ballot is sent and their rateable value is £12,000 or more. With regard to vacant premises, the property owner is entitled to vote.
For a BID to go ahead, there must be a majority of votes cast in favour and those votes in favour must represent a majority of the aggregate rateable value of the BID area.
The Broadmead BID will operate from 1 November 2013 to 31 October 2018.
“As a Broadmead anchor retailer, M&S is very supportive of the BID process and its impact. The BID is driven by retailers for retailers, and has greatly improved the look and feel of the shopping area.”
Rob Bailey, Marks & Spencer