Milngavie Town Centre’s business community has finally voted to join forces and set the town on an exciting new path to prosperity.
The ballot results announced tonight show:
73% of the votes cast (by number) were in favour of the BID
81% of the votes cast (by rateable value) were in favour of the BID
The total number of votes cast was 95
A 61% turnout by number
A 76% turnout by rateable value
The scheme will officially kick off on 1 May when an Milngavie Town Centre BID company will come into operation to run for a period of five years. Nominations will be invited from all Levy payers for the new BID company’s voluntary board of directors, with letters going out within the next few weeks explaining the next steps.
The BID will involve every business with a rateable value property of £1,000 or over within its boundary paying a modest but compulsory annual Levy towards a range of projects and services designed to boost the local economy and have far reaching benefits for the wider community.
Local Government Minister Derek Mackay said:
“The Scottish Government is committed to ensuring sustainable economic growth by working with its agencies to secure new jobs and investment in Scotland.
“We are fully supportive of BIDs as they enable businesses to work together for their collective benefit and for the good of the local economy.
“The decision to form a BID in Milngavie is the result of local support and enthusiasm for working together to maximise opportunities to boost the local economy in these challenging times. The BID will deliver a range of projects and services over a five year period to help revitalise the local area. I look forward to hearing how the BID progresses and wish all involved well.”
The Declaration of Ballot by the Returning Officer of East Dunbartonshire is found here