Businesses in Clapham have overwhelmingly voted to create a Business Improvement District (BID), it has been announced.
Businesses will pay money into the BID, which will invest it to boost Clapham’s economy by promoting the area, reducing business costs and improving the environment.
Almost 80% of the votes cast in the ballot held by Lambeth Council were in favour of the BID. It will be the 40th such district in London and the sixth in Lambeth following Vauxhall, Waterloo Quarter, Streatham, Brixton and – only announced last month – the South Bank.
Cllr Jack Hopkins, Lambeth Cabinet Member for Jobs and Growth, said: “I’m delighted that Clapham businesses have overwhelmingly voted to enter into a Business Improvement District.
“We have already seen how BIDs can work in Lambeth where businesses come together to invest in the local area. I’m looking forward to working with Clapham BID and supporting them to make Clapham a better place to live, work and do business.”
Clapham BID has already identified more than £1m worth of projects which will make the area a better place to do business. The BID will officially start work on 1st October 2014.
Dave Hanson, Chair of the Clapham Business Community, who ran BID campaign, said: “We are delighted that Clapham businesses have shown their overwhelming support for the BID.
“Now we look forward to working with businesses of all types and sectors to ensure Clapham continues to thrive.
“The BID will not only give us the opportunity to carry out exciting projects, but give Clapham businesses a strong voice in matters which are important to us.”
In the last few years Clapham has seen a state of the art leisure centre located within the heart of Clapham, a new Library and NHS health facility situated on the high street, the development of Venn Street’s pedestrianised road and weekend market, multi-million pound investment in public spaces in Old town and the launch of the Clapham Calling Live music Festival last month.
More information about the Clapham Business District can be found at http://www.claphambusiness.com