A COUNTDOWN has begun to a vote that will determine whether Elgin’s BID (Business Improvement District) scheme will continue for the next five years.
Two weeks ago, the directors of the City of Elgin BID group finalised the boundary for its 2015-2020 ballot, which will allow a total of 440 businesses to vote on whether to give the group another five-year mandate.
Elgin BID was established in 2009, funded through a compulsory levy from businesses, which has amounted to £600,000 in its first five years.
According to BID, it has attracted more than £5 million of additional investment, enabling numerous activities to take place, including marketing initiatives, fun days and festivals.
The ballot to decide whether BID should continue until 2020 will be staged in October and November. To carry on its work, Elgin BID must receive the approval of local businesses, with a 25% turnout required of eligible voters.