It’s a YES – another five years for Luton BID
Businesses in Luton town centre have voted in favour of plans to renew the Business Improvement District (BID), securing a further £2million to be spent on improving the area.
68% of businesses by number and 73% by aggregate rateable value voted in favour of the BID.
As a result of this YES vote the renewed Business Improvement District (BID) plan will come into effect on 1st January 2020.
Businesses with a rateable value of £12,001 or above will pay a levy based upon their rateable value, creating a collective fund of more than £2million to spend over the next five years on projects across four agreed priority areas.
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