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PRIVACY
Economic Development

Truro businesses vote in favour of third term BID

In a record ballot 100% of businesses on the Newham industrial estate voted 'yes'

Newham industrial estate with Truro behind (Image: PR4Photos Ltd)

Businesses on the Newham industrial estate in Truro have voted overwhelmingly in favour of a third term as a Business Improvement District.

The Cornwall industrial quarter saw 100% of firms and organisation vote 'yes'. It is understood that no other BID in the º£½ÇÊÓÆµ has scored so highly on both tests before, according to data held by British BIDs.

This means that at least £428,000 will be invested in projects and services on the industrial estate to help improve and raise the profile of this part of Truro.

Newham BID has been overseeing the area since 2013 when businesses first voted to invest collectively in the scheme. Securing another five-year term will allow the BID to continue to deliver a range of projects and services, including maintaining the safety and security on the estate, as well as making sure the area remains an accessible, clean, tidy and attractive place to work and invest.

Read more: BIDs come together to save Bristol high streets more than £130,000

Newham BID’s chair Leigh Ibbotson, owner of property management group Cher Varya in Heron Way, said: “It’s an incredible result from the ballot and we couldn’t be more pleased to know that so many of Newham’s businesses and organisations have given us the chance to improve what we have here.

“Only by working together through the BID will we be able to build on what we have done so far and create more shared successes. We want to thank all of those who have supported us and contributed their time, funds and expertise to making Newham a better place to trade.”

The new five-year term will begin on September 1 and will deliver projects outlined in the business plan, including supporting businesses through networking, training and lobbying and promoting firms through Newham’s news articles and social media channels.