Penrith Industrial Estates BID
Penrith Industrial Estates Business Improvement District (BID)
Penrith Industrial Estates BID was established on 1 October 2018 following a successful ballot of businesses in April 2018 for a 5 year term.
A second five year term will start on 1 October 2023 following a successful ballot of businesses in March 2023.
If you have any questions about the proposal by the BID, please contact the bid board by telephone on 07791722459 or by email at penrithindustrialbid@gmail.com.
BID ballot and results
In 2017, we received a proposal to establish a BID covering Penrith Industrial Estate, Gilwilly Industrial Estate and Eden Business Park for a 5 year term starting on 1 October 2018. The establishment of a BID was subject to a ballot of businesses within the proposed BID area which took place in April 2018.
A ballot was held on 26 April 2018 on the proposal to introduce a BID. The ballot was undertaken as a postal ballot administered by Electoral Reform Services.
For the BID to be established two threshold tests had to be met in the ballot:
- More than 50% of votes cast (turnout) must be in favour of the BID; and
- The positive vote must represent more than 50% of the Rateable Value (RV) of the votes cast.
The total number of votes cast, excluding rejected ballot papers, was 74, representing a RV of £1,814,675. The votes in favour were 57, representing £1,526,825 RV. Both of the threshold tests were met.
A ballot was held on 15 March 2023 on the proposal for a second term of the BID.
The total number of votes cast, excluding rejected ballot papers, was 81, representing a RV of £2,373,350. The votes in favour were 65, representing £2,080,000 RV. Both of the threshold tests were met.
Support for the Penrith Industrial BID
At a full Council meeting on Thursday, 8 March 2018, Members decided to vote yes to the BID in respect of Council-owned properties where the Council is currently responsible for paying business rates within the proposed BID area.
For more information about Penrith Industrial BID
Visit the Penrith Industrial Estates BID website.