Backdated from previous BA website
InHolborn announced today that the renewal and expansion of their Business Improvement District (BID) was approved by business voters. Businesses with a Rateable Value of A#60,000 or more were balloted along the Holborn to St Giles corridor.
The InHolborn Press Release reads as follows:
Renewed and Expanded BID!
Holborn, St Giles and Bloomsbury businesses vote to unite under five year regeneration plan.
The results of our ballot were announced today (01/03/2010), giving the seal of approval to an ambitious renaissance plan to regenerate one of LondonÂs most historic business districts.
Businesses in Holborn, St Giles and Bloomsbury voted to back a proposal put forward by inholborn to redefine what has often been seen as merely a gateway between the West End and the City, as a business destination in its own right.
The announcement was duly made at Camden Town Hall by Richard Lefley, Elections Manager. Angela McKeever, the Head of Economic Development, attended the event, as well as Sandi Phillips, Senior Business Initiatives Manager and Jeremy Shapiro from Town Centre Management.
The voter turnout was 46%. 268 businesses voted in favour of a renewed and expanded Business Improvement District, representing 90% of the rateable value and 86% of the number of businesses that voted.
Having represented 370 businesses in Holborn since 2005, inholborn will now expand its member base to 560 as St Giles and Bloomsbury join the partnership. The newly formed, united district becomes the second largest BID in the UK.