Business vote wins Kingston district status

The UK's first business improvement district (BID) will be in Kingston-upon-Thames after two-thirds of local businesses voted in favour of the scheme.

A BID is a defined area in which business ratepayers have voted to invest collectively to improve their trading environment. The businesses decide which new or expanded services they need and these are funded by a business rate supplement.

Following a 66 per cent vote in favour of the scheme in the London borough, Kingston First, a partnership between the council and Kingston Town Centre Management, will generate £4 million over five years through a one per cent supplement on rateable property value.

The investment will be targeted at providing a cleaner environment, safer streets, better transport and access, marketing and support for small businesses.

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