Victoria BID renewed for second term

Headline Date 03-03-2015

Mayor of London, Boris Johnson welcomes the renewal of the Victoria Business Improvement District (BID) for a second term

Businesses in Victoria (London SW1) have voted for the renewal of the Victoria Business Improvement District (BID). The BID will embark on a second five year term from 2015-2020 with a resounding 85% yes vote in the renewal ballot administered by Westminster City Council, based on a turnout of 62% of eligible businesses. Today (Tuesday 3rd March) Mayor of London, Boris Johnson welcomes the commitment by businesses in the area to invest over £8m in the Victoria BID’s 110-acre footprint over the next five years including enhancing the public realm.

Boris Johnson, Mayor of London said: “This is fantastic news for the Victoria Business Improvement District, which is playing a key role in the ongoing success and growth of an area that is undergoing a radical transformation. The BID is providing a stronger voice for businesses to support the changes happening there and over the next five years the BID team are set to focus on encouraging further economic growth and investment, enhancing the public realm and promoting the area as a key destination in the capital.”

Charlie Parker, Chief Executive Westminster City Council said: “This result is a credit to Victoria BID Chief Executive, Ruth Duston, and her team in working closely with businesses in Victoria to deliver innovative programmes that measurably make a difference to enhance the area. With the third highest turnout for a BID ballot in London, we look forward to the contribution the Victoria BID is making in helping to transform the area.”

Ruth Duston, Chief Executive Victoria BID said:We want to thank our business partners for giving us this powerful mandate to build on the successes of the past five years. The Victoria BID was established during period of economic uncertainty. The renewal vote shows business confidence in the future of the area as a vibrant destination for those who live, work and visit here. Over the next decade £4bn worth of investment will unlock over 3m ft² of new office, office and commercial space in Victoria. As the voice of business in the area we look forward to working with our partners on innovative projects to enhance and improve the area for everyone.

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