Brentwood, Shenfield and Ingatestone businesses have voted to create a unique Business Improvement District (BID) that will secure a significant £2m to be spent on improving the area over the next five years.
The Brentwood Connected BID will be the first in the UK to incorporate three high streets in one Business Improvement District. Over 500 businesses across multiple sectors will benefit from events, projects and initiatives that increase footfall, dwell time and perception of the area.
At the BID ballot held on 29 June, 80% of votes cast were in favour of the Brentwood Connected BID by the total number of businesses. 88% of ballots cast were in favour of the BID by rateable value.
As a result of the yes vote the area’s new Business Improvement District will come into effect on 1 October 2023.Businesses within the BID boundary with a rateable value of £12,500 or above will pay a levy based upon their rateable value, creating a collective fund of £2 million to spend over the next five years.