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Romford votes to promote business

By Natalie Vincent - Wed 18 July 2018, 10:27 am

Businesses and organisations in Romford have voted in favour of promoting more opportunities for investment by setting up a Business Improvement District (BID) in the town centre.

Ballot results released by independent scrutineer, Electoral Reform Services, revealed that 80% of all those who voted are in favour of the BID progressing. For the BID to be successful, a second trigger 'majority by rateable value' was also required and this was achieved with 88% of those who voted.

It is anticipated that the BID will commence from autumn 2018 for a five-year period and will be financed through a BID levy, the proceeds of which will be invested into the town centre and on additional projects businesses have identified, as set out in the Romford Business Plan.

Tom Stobbart, chair of the Romford Town Management Partnership said: "This a great result for all involved and allows to improve still further over the next five years through the proposals detailed in our plan.

"I would like to thank all involved for their time and support in making a real difference to Romford’s future. The real work starts now in delivering the new initiatives and the team aim to get started immediately."

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