WIGHT BID Ballot result – press statement

Visit Isle of Wight is very pleased to announce that the required statutory mechanism to bring a business improvement district into operation on the Isle of Wight this September has been triggered by a YES vote.

The formation of the UK’s first County-wide BID gives the Isle of Wight a unified stronger voice in tourism at a local, regional and national level. The WIGHT BID plan to attract new visitors and improve the destination through working together will be implemented from this September.

The YES vote was carried by a 63% vote by hereditament and 75% by rateable value of all those who voted. Therefore, all business categories listed in the WIGHT BID proposal will now be required to pay the equivalent of 1.75% of their rateable value, which will contribute to the funding of the BID programme for a period of five years.

Over the next three months we will begin the process of developing a BID governance board and working parties elected from levy payers large and small, representing different visitor economy business sectors. David Thornton and his team look forward to delivering the actions and aims laid out in the WIGHT BID proposals ready for the 2017 season.

Meanwhile Visit Isle of Wight’s summer and autumn current marketing and press activity continues as planned. Work will also commence on securing extra commercial benefits for levy-payers with suppliers and regional, national and international media channels. A voluntary scheme to encourage retailers and other Island and mainland suppliers to support the BID investment plan will also be launched by September.

Visit Isle of Wight would like to thank all those who supported the WIGHT BID, and reinforce its determination to do it’s very best for the whole of the Island’s visitor economy, benefiting all who live and work on the Isle of Wight.

LINKS:

Isle of Wight Council Ballot Officer statement > https://www.iwight.com/news/Wight-Bid-votes-are-in

The Wight BID proposal and supporting documentation can be accessed here >https://isleofwightbiddotcom.wordpress.com/documents-2/

 

Issued by:

Visit Isle of Wight LTD
Press Officer: Sue Emmerson
Sue@visitwight.org Telephone 01983 521555 EXT 29
Mobile 07766 705672