An attempt to secure over £500,000 of additional funding for the Stratford Road corridor has unfortunately been lost after the proposed Shirley Business Improvement District (BID) was rejected on 24th May.
Businesses took part in a democratic vote for the proposed Shirley BID, which revealed more votes in favour of the idea but when taking into account the aggregated rateable value of the votes this meant the vote was lost.
Out of a total number of 256 eligible votes for the Shirley BID, 96 votes were cast. With 67 supporting votes, seventy percent of businesses voted in favour of the BID.
However, with an aggregated rateable value of businesses eligible to vote at £4,983,550, an aggregated rateable value of £1,906,500 voted in favour, making a total of 38 percent. This means that many of the larger businesses who voted unfortunately did not support the proposals.