Cumbria Crack

Penrith businesses vote Yes to Industrial BID

[E]ligible businesses within the industrial estates in Penrith have been voting on whether they support a five year period of a Business Improvement District (BID) through a postal ballot that ended on 26 April 2018.

For a BID to be successful, two threshold tests have to be met in the ballot:  1. More than 50% of votes cast (turnout) must be in favour of the BID; and 2. The positive vote must represent more than 50% of the Rateable Value (RV) of the votes cast.

The total number of votes cast, excluding rejected ballot papers, was 74 representing a rateable value of £1,814,675. The votes in favour were 57, representing £1,526,825 RV and therefore meeting both threshold tests.

Eden District Council voted yes in respect of each of the Council’s properties within the BID area. The Council’s Commercial Services Portfolio Holder, Councillor Mike Slee, said: “I am delighted that local businesses have endorsed the Penrith Industrial Estate Bid. They have put together a strong business plan for how they will use the monies generated by the BID levy over the next five years and our Economic Development team will be working to help support these aims.”

To find out the Industrial BID’s plans for the next five years, their business plan can be found on

Read more about the Penrith Industrial Estates BID.

Related posts

Eden planners seek views on draft enforcement plan

Cumbria Crack

Good Care Company have “clear and realistic aims and values” according to CQC visit.


Business Rates Pilot offers Eden Council £465k to support services

Cumbria Crack

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More