Decision details

This report outlines the provision for a ballot and subsequent levy collection arrangements necessary to renew the Business Improvement District at Segensworth.

The Segensworth Business Forum (SBF) established a Business Improvement District (BID) at Segensworth for a five year period commencing in July 2007. The BID was renewed following a ballot held in July 2012 and a further BID proposal has now been submitted.

The renewal of the BID will necessitate another formal ballot of the businesses in the Segensworth area.  A positive vote would enable the continuation of the voluntary business levy to fund projects identified by the business community.  The ballot and the levy collection processes will require contributions of time and resources from Fareham Borough Council.

That the Executive:

(a)      notes the success of the Segensworth Business Improvement District in achieving business collaboration, funding the provision of local infrastructure, generating local business services and contributing to the success of the Fareham economy;

(b)      agrees that the Segensworth Business Improvement District will be administered by Fareham Borough Council including the running of the ballot and the collection of the subsequent levy, subject to a positive ballot result; and

(c)       agrees to request a proportional annual contribution of £300 from Winchester City Council and to meet the remainder of costs from the General Fund, which will be a demonstration of ongoing support of the BID and the benefits brought to the Segensworth area and its businesses.