Of the businesses who placed their vote, 76.97% voted in favour of the BID carrying on their work, and 87.9% by rateable value voted in favour. The turnout figure had increased by 10% from the original ballot five-years ago.
Fulham Broadway BID thanks all its levy paying businesses for their support. Planning begins immediately for the new BID term which commences on 1 October 2023. The BID will commence work on delivering the projects set out in its Business Plan for 2023 to 2028, to build a better district where businesses can thrive.
The news also means the people and businesses of Fulham can look forward to more great events that the BID helps organise and fund. This will include the hugely successful Fulham Foodie Festival, Christmas lights, Street Wardens, security initiatives and more.
Fulham Broadway BID Manager Andy Bell commented: “We are absolutely delighted to have secured a new five-year term to carry on our work on behalf of businesses in the area and are honoured to have received such strong support. We would like to thank all those that voted in the ballot, and we look forward to working with everyone over the next five years.”
Following the successful vote, the Chair of the Board for the initial five-year term, Ben Abbiw, has announced that he is stepping down from the position stating: “It has been a pleasure to lead the Fulham Broadway BID through their first term. It has been a difficult challenge dealing with the impact of the pandemic and political changes like Brexit, but I feel that the BID is in a position to continue to develop and support the businesses of Fulham.”
Replacing Ben Abbiw as Chair is existing Board member Joel James of Woodfords Insurance Brokers. Joel said: “It has been a pleasure working with my fellow directors and the team at the Fulham BID, culminating in the successful ballot result. A special mention must go out to our BID Manager Andy Bell and our Head of Business Engagement Joanna Breuer whose tireless efforts have instilled confidence in our BID, inspired local businesses to buy into our vision and helped make this result possible. As a board, we believe in our established management team who will continue to develop the BID and fulfil the projects set-out in our business plan which gained the support of so many of our local businesses. Fulham is a great place to live, work and to do business and the Fulham BID will do our part in making sure it continues to be so.”