BID Ballot
Every five years, business ratepayers in the city centre are invited to vote for the continuation of Lincoln BIG for the next five years. All business ratepayers in the area have a vote on the proposals and to go ahead more than 50% of those who vote have to vote 'yes'.' Those in favour must also represent at least 50% of the rateable value of those who vote.
2019 was a ballot year for Lincoln BIG, and the result of the ballot was announced after its Annual General Meeting at Home Nightclub, in Park Street, Lincoln on 6th November 2019.
The ballot revealed: 80 per cent of voting businesses said YES, together representing a total Rateable Value of £20,381,150 with a 49.15% turnout.
This support means that the Business Improvement Group, which provides a diverse range of about 40 support services, can look forward to delivering the exciting raft of pledges outlined in its Business Plan for 2020-2025. Lincoln BIG will do that by spending just over £1 million a year (made-up of levy payers’ monies and other income generated) and focussing on three clear priorities – based on WELCOME, EXPERIENCE and VALUE. There are five actions for delivery in each category.
This year, 2025, will see Lincoln BIG got to ballot for a proposed 5th delivery term. This process has seen the team and board members develop a new business plan which ahs been sent to all members. To download a copy of the new business plan click here
We have also created a presentation that has been delivered to a number of partner meetings and forums in the lead up to the ballot.
To see the presentation click here or the image above
If you would like anymore information on the business plan, presentation or Lincoln BIG please do not hesitate to contact us.