Lambeth Council has welcomed plans to set up a new town centre partnership that will work together to bring major improvements to Vauxhall.
In a ballot, an overwhelming majority of employers in the area have approved the setting up of the Vauxhall One Business Improvement District (BID). The new organisation will invest upwards of £4m in Vauxhall over the next five years.
More than 80% of employers taking part voted in favour of setting up the new not for profit organisation.
All eligible businesses in the area will now pay an annual levy to the Vauxhall One BID that will be spent on key improvements that will make Vauxhall safer, smarter and cleaner.
Plans include a new ‘warden service’ to work alongside police to tackle anti-social behaviour and report environmental problems, a ‘makeover’ of Vauxhall’s arches including CCTV and better lighting, and a taxi marshal scheme to help people who come to Vauxhall for its vibrant nightlife.
Lambeth Council has supported the Vauxhall One BID from the start and today’s news sees the creation of Lambeth’s second Business Improvement District alongside the Waterloo Quarter.
Cllr Sally Prentice, Deputy Cabinet Member for Employment and Enterprise and Vauxhall One Steering Group member , said: “This is fantastic news for Vauxhall and I want to thank all those who have worked so tirelessly to get the Vauxhall One BID off the ground.
“I’m delighted that there has been such an overwhelmingly strong support from businesses in Vauxhall for the new BID. The BID’s first priority will be to make the area feel safer for people who work and live locally, as well as visitors. Lambeth Council looks forward to working hand in hand with Vauxhall One BID to develop long term improvements to the area.”
Vauxhall One Chair Richard Tice commented: “Vauxhall One is delighted with this strong show of support and commitment from businesses, charities and public agencies, from both daytime and nighttime economies. It is a real show of their intent to make a difference, to see Vauxhall become a safer, cleaner and better place for employees and residents alike. Our job now is to deliver on this support. Work begins immediately.”
Through its Cooperative Council plans, Lambeth Council wants to build a strong local economy in which entrepreneurs and businesses feel supported. Lambeth Council encourages and will support local businesses in other town centres to create Business improvement Districts .
Vauxhall One is the 27th BID in London and the second in the London Borough of Lambeth. BIDs are playing a prominent role in the management and promotion of many of the capital’s key business locations, including the West End (New West End Company), Piccadilly/Leicester Square (Heart of London Business Alliance), Bankside (Better Bankside) and Paddington (Paddington BID).
For more information and to download a copy of the Vauxhall One BID business plan visit http://www.vauxhallone.co.uk.
For more information about BIDs in Lambeth please visit the Lambeth website: http://www.lambeth.gov.uk/Services/Business/BusinessSupportDevelopment/BusinessInvestmentDevelopment/BusinessImprovementDistricts.htm.
Notes to Editors
• The legislation to create Business Improvement Districts (BIDs) was approved in 2004. They are companies owned and led by employers in a specific area. They need a ballot of employers in order to be established. Their core funding comes from a ‘levy’ on the occupiers of all eligible rateable properties. All services offered by a BID must be extra to those provided by statutory agencies.
• Vauxhall One will begin its work on 1st April 2012. It has been balloted for a five-year term whereafter it will require a ‘renewal ballot’ to continue.
• Vauxhall One’s current management committee includes CLS Holdings, Orange Group, Vauxhall City Farm, Vauxhall Society, Royal Vauxhall Tavern, Shield Guarding, St George, Eagle London, Lambeth Council, Workspace Group and Base Associates.
• Vauxhall One will have an annual budget from the BID levy of c. £808,000. Its key services will include a uniformed patrolling ranger service, refurbishment of the area’s many rail arches, free waste recycling, a local incentive card & I-phone app, employee volunteering & mentoring of school students.
• For more information contact Richard Tice (email@example.com) or Giles Semper (firstname.lastname@example.org).