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.
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.