In June 2023, Our Colchester Business Improvement District (BID) launched their 2023-2028 Business Plan detailing their ambitions for the City centre in the next five years. As per the regulations for a BID, a renewal ballot was then launched for all eligible businesses to vote on the future of the BID.
The ballot launched on the 23rd June 2023 and ran until the 20th July for businesses to vote. Our Colchester BID are pleased to announce that the renewal ballot was successful and that the Business Improvement District will be in place for a further five years to deliver business support, projects and initiatives for the City centre.
The results were as follows:
• 45% of businesses voted
• 85% voted in favour of the BID by number
• 88% of rateable value voted in favour
Image credit: Our Colchester BID
