Penrith Industrial BID secures second term

The results are in, and the directors of Penrith Industrial Business Improvement District (BID) are celebrating as those businesses who voted, voted in favour of a second term.

A “Vote Yes” campaign was launched in February by the BID, with votes cast by levy payers on the Penrith Business Parks, which includes Gilwilly Industrial Estate, Penrith Industrial Estate and Eden Business Park.

The votes were counted and officiated by Civica Election Services and Eden District Council, and when announced showed that 80% of voters were in favour of a second term, with an 88% yes by rateable value.  More than 50% of the turnout had to be in favour of the BID; and the positive vote had to represent more than 50% of the Rateable Value of the votes cast, so the outcome is really positive.

Andy Jones, Director of the BID comments,

“We are thrilled that the levy payers on the Penrith Business Parks have voted in favour of a second term and the 80% Yes vote is fantastic!  It is our aim now to ensure the BID continues its good work and remains the influential “voice” of the Penrith Business Parks, ensuring future prosperity and success.”

The BID will complete its first five-year term at the end of September and at this point will mark the start of the new second term.  Going forward through a business-led programme of investment the vision of the Penrith Industrial BID is to continuously improve the trading and working environment on Penrith Business Parks, so that it is a great place to work, shop and do business.

This vision captures a future for the Penrith Business Parks where the BID provides the necessary momentum, energy and drive to deliver ongoing benefits for businesses and their staff. The BID investment programme will be delivered through four key strategic objectives:

1 – Working Together

2 – Infrastructure, Transport & Access

3 – Safety & Security

4 – Clean & Green

Read the plans HERE

The BID has been running since 2018 and has been the driving force in delivering many changes on the Business Parks and now with the second term secure, the BID team can move forward working together with the levy payers, the local authority and partners to further improve, develop and enhance the trading environment, which is home to over a mix of 150 small, independent and large national businesses.