Penrith Bid Approved
The proposal to establish a BID for Penrith was formally announced on the 3 December 2013. The proposal will be implemented effective from 1 April 2013.
The total number of votes cast was 170 representing a rateable value of £5,068,400. The votes in favour were 138 representing £4,392,900.
District Council Support for the Penrith BID
The District Council had decided to back the Penrith BID proposal and voted YES in respect of each of the herediatments for which the Council pays rates within the BID area.
The Council also threw its weight behind a Yes campaign to help convince local businesses of the merits of the proposal which now has the potential to raise £500,000 over the next 5 years.
For more information
For details of the BID and to the read the Business Plan see:
Contact: The Economic Regeneration Officer
Telephone: 01768 212169
Address: Town Hall, Penrith, Cumbria CA11 7QF