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Ulverston wins support for BID initiative

Published on: Tuesday 10th March 2015
Categorised under: Work , Investment, Ulverston

A business-led initiative that could generate half a million pounds to finance new initiatives and boost Ulverston has won support from South Lakeland Local Committee.

The Local Committee agreed to vote for a Business Improvement District (BID) in Ulverston when the town’s business rate payers are balloted on the proposal

Under the scheme, rate-paying businesses in Ulverston would pay an annual levy, potentially generating £500,000 in the next five years to fund a range of projects promoting and supporting the town.

Councillor Nick Cotton, Chair of South Lakeland Local Committee, said: “We’ve seen the BID steering group’s exciting plans for Ulverston and the county council is delighted to offer our support. We wish them well in their efforts to help the town flourish in the future.”

Chris Nelson, Chair of the Ulverston BID steering group, commented: “We welcome the support of the county council for the Ulverston BID. Our town has a huge opportunity to share in a new era of prosperity driven by investment in the area and the continued expansion, enterprise and vision of our leading companies. The BID proposal document will shortly be arriving with stakeholders and we would urge them all – large and small businesses – to give it their wholehearted support so that together we can forge a brighter future for Ulverston.”

The county council has a number of properties in Ulverston, including the town’s library and fire station, and is therefore eligible to vote in the BID postal ballot, which runs from 26 February - 26 March.

The council would expect to contribute over £1,000 a year in business rates if the BID goes ahead

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