Renewal Ballot Result
The Shrewsbury BID Renewal Ballot has been successful after 94% of businesses voted in favour (97% by rateable value). Turnout in the ballot was 61% of 497 businesses, which was well above the national average.
2023 BID3 RENEWAL
The UK legislation requires Business Improvement Districts to seek a business mandate through a ballot every five years. From 8th June until 6th July 2023, Shropshire Council held a renewal ballot for a third Shrewsbury BID term which will run from 1st April 2024 – 31st March 2029.
All businesses within the Shrewsbury BID3 area with a rateable value of over £12,000 on the 2023 rating list were eligible to vote in the ballot.
BID3 BUSINESS PLAN
Following extensive consultation with local businesses, the Shrewsbury BID 2024-2029 Business Plan sets out our priorities to promote and support the Shrewsbury town centre economy, and to ensure that the business community has a strong voice on important issues affecting the town.
The business plan was posted to all businesses eligible to vote by Shrewsbury BID on 23rd May 2023.
Ballot papers were posted to all businesses eligible to vote ahead of 8th June 2023 by Civica Election Services Ltd acting on behalf of the Ballot Holder, Shropshire Council’s Returning Officer.
BID3 Ballot Timeline
25th May 2023 – BID3 Business Plan received by eligible voters from Shrewsbury BID
25th May 2023 – Notice of Ballot received by eligible voters from Shropshire Council
6th June 2023 – Ballot papers received by eligible voters from Shropshire Council
8th June 2023 – Postal ballot opened
6th July 2023 – Postal ballot closed
7th July 2023 – Ballot result announced
BID3 Area
All hereditaments within the BID3 area with a property rateable value over 12,000, and therefore would be liable for a BID3 levy at 1.58% of RV, received a vote in the renewal ballot.
In line with UK BID legislation, businesses within the BID area with a property rateable value below 12,000 and therefore would not be mandated to pay a BID levy, do not receive a vote.
All businesses within the BID area who do not pay a BID levy or businesses within a 15-minute walk of The Square are warmly invited to become a voluntary member of Shrewsbury BID and be part of our projects.
BID3 KEY DOCUMENTS
Shrewsbury BID Renewal Ballot 2023 result.
Shrewsbury BID Business Plan 2024-29.
We have the following baseline statements in place:
We have a draft operating agreement agreed with Shropshire Council:
DRAFT Operating Agreement
