Following a ballot of businesses ending 28 Nov, the Falmouth BID has been renewed for a further 5 year term. The ballot turnout was 58%, with 87% of businesses voting in favour. The vote in favour by rateable value was 86%. When the BID first kicked off in 2009 the majority was 70%. Falmouth BID has clearly been delivering what most local businesses want and the levy is seen as offering value for money.
The Penzance BID is under development with a public launch event expected on the 12 Feb 2014 followed by consultations with businesses, preparation of a BID prospectus (a 5 year programme of projects) and finally a ballot at the end of 2014.
The Penzance BID is being managed by the Penzance BID Steering Group chaired by Marcus Wilkinson (Alfred Smiths).