Search

Bexleyheath town centre businesses vote through new management

PUBLISHED: 16:39 20 July 2011 | UPDATED: 17:50 20 July 2011

Traders in a bustling town centre have voted through proposals for a new management of the area, taking it out of council control.

Bexleyheath Town Centre is set to become a Business Improvement District (BID) after 58 out of 91 business opted for the change.

Milestone

Retailers will now be required to pay a rate which will be reinvested in the town centre and buildings currently in council ownership will be managed by the BID.

Cabinet member for economic development and regeneration, Councillor Linda Bailey, said: “This is an historic milestone for the town.

“It will provide an opportunity for Bexleyheath businesses to work both together, and with the council, to increase investment in the area and make the town centre even more successful.”

The move was spearheaded by the Bexleyheath Business Partnership, which aims to work with TFL to improve signage, traffic management and parking services.

The first year levy of 1.15 per cent, which is calculated from a percentage of the rates businesses pay on their premises, will generate around £273,059.


If you value what this story gives you, please consider supporting the Bexley Times. Click the link in the orange box above for details.

Become a supporter

This newspaper has been a central part of community life for many years. Our industry faces testing times, which is why we're asking for your support. Every contribution will help us continue to produce local journalism that makes a measurable difference to our community.

Latest from the Bexley Times