Plymouth BID will continue for another five years after a ballot
Members have voted for a fourth time to continue with the partnership, investing £6.2 million
The Business Improvement District will continue for a fourth term across Plymouth Waterfront, after members voted to continue the partnership.
The result of the ballot means that at least £6.2 million will now be invested in events, projects and services in the waterfront - on initiatives that the businesses themselves have prioritised.
Nick Buckland OBE, Chair of the Plymouth Waterfront Partnership said: "It’s a fantastic result which again demonstrates that businesses have recognised the immense value of the Waterfront BID and are happy to continue contributing funds to support the Waterfront projects that the businesses identified as part of the consultation process.
"We want to thank all of those who have supported us and pledged to further contribute their time, funds and expertise towards delivering our vision of Plymouth’s Waterfront as an exceptional place for people to live, work and visit, where an outstanding quality of life is enjoyed by everyone.”
Sarah Gibson, Chief Executive and Plymouth Waterfront Manager, added: A big thank you to everyone who took time to shape the plan and then vote for the plan, it’s our most ambitious yet and is designed to build on our successes of the past fifteen years.
"We’ll now work with partners through the winter months to begin preparing to launch delivery of BID4: A Place for Life from April next year, we can’t wait to get started. If businesses outside of the BID area want to get involved in supporting Plymouth’s Waterfront area, reach out to us to find out how via our website: www.waterfrontbid.co.uk.”
The new five-year term will begin on 1st April 2027. The BID will then deliver the projects outlined in the business plan under three integrated themes of Planet, People and Place, through actions under the banners of Celebrating Our Vitality, Moving People Around, Shaping Our Place and Supporting Each Other.
The BID says that 'securing another five-year term will allow the BID to continue to deliver a range of events, projects and services, including contributing toward the city’s marketing, hosting and enabling events to ensure Plymouth remains vibrant and projects to make the area safer, more accessible, cleaner and more attractive as a place to live, work and invest'.