Shirley bid for £ 550k fails as vote is lost

Solihull News - - NEWS -

AN at­tempt to se­cure £ 550,000 of ad­di­tional fund­ing for the Strat­ford Road cor­ri­dor has been lost af­ter the pro­posed Shirley Busi­ness Im­prove­ment District ( BID) was re­jected.

Busi­nesses took part in a vote for the Shirley BID, which re­vealed more votes in favour of the idea but when tak­ing into ac­count the ag­gre­gated rate­able value of the votes this meant the vote was lost.

For the BID to be im­ple­mented a ma­jor­ity of busi­nesses were needed to vote in favour by both their num­ber and ag­gre­gate of rate­able value.

Shirley BID was de­signed to cre­ate a vi­brant town cen­tre to in­crease vis­i­tor num­bers and help busi­nesses flour­ish through­out its five- year term and be­yond. Its vi­sion was to en­sure vis­i­tors are mo­ti­vated to stay for longer, spend more and re­turn.

If the bal­lot had been suc­cess­ful it would have gen­er­ated £ 550,000 of funds over five years to in­vest in a pro­gramme of vis­i­tor events and street mar­kets, em­ploy a war­den, and work with part­ners to de­liver im­proved vis­i­tor wifi. The BID would have cam­paigned for im­prove­ments to car park fa­cil­i­ties and the in­tro­duc­tion of park­ing me­ters where re­quired.

Vic­to­ria Hicks of Wadsworths Solic­i­tors said: “Un­for­tu­nately our worst fears have been con­firmed and we have lost the vote to cre­ate a BID on rate­able value.

“Whilst we’re un­der­stand­ably sad­dened that the ma­jor­ity of busi­nesses of Shirley who were wise enough to recog­nise the ben­e­fits of join­ing to­gether for a brighter fu­ture have been over­ruled, we’re so proud of the whole BID team.”

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