Businesses in Lancaster city centre are being asked to vote yes in a ballot which will decide whether they reap the benefits of more than £500,000 in funding over the next three years.
The BiD (Business Improvement District) scheme woul involve businesses with a rateable value of more than £10,000 paying an extra 1.5 per cent on their rates to help fund improvements to the trading environment and marketing.
The vote takes place on November 1 with votes closing at 5pm on November 29. The result will be announced the following day.
If a majority of businesses voting yes, the scheme willcome into force in April 2013.
The Lancaster District Chamber of Commerce, which is leading a “Yes campaign”, this week unveiled its campaign logo, which shows familiar faces from the local business community besides the letters YES.
The BID delivery plan will be launched at The Dukes on Wednesday, October 24. All businesses eligible to vote will be sent invitations.
Paul Cusimano, chairman of the Lancaster Unlimited Steering Group, will introduce the business plan which will outline how the BID will work and its benefits.
There will be guest speakers from Preston, which has its own successful BID, while James Mackie, of Mackies of Lancaster, will explain the ballot process.