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Southwark Labour welcomes Blue Bermondsey Business Improvement District

14 July 2014
Labour back in Bermondsey Southwark Labour councillors have welcomed the result of the Blue Bermondsey BID ballot, which means the area is now set to become a Business Improvement District (BID), with new powers and resources to drive improvements in the area.

Nearly nine out of 10 local businesses backed the proposal to establish a BID in Bermondsey, which will generate investment from local businesses to improve the area, giving local businesses more influence and allowing them to choose how money is invested in and around The Blue.
The BID will also provide increased network opportunities and access to business support, strengthening job and apprenticeship opportunities with local residents and attracting new investment and customers to the area. Southwark’s Labour council awarded £30,000 grant to the Bermondsey Business Association to support the campaign for the BID.
Labour councillors in South Bermondsey praised the efforts of the Blue Bermondsey Business Association, chaired by Blue market trader Russell Dryden, who spearheaded the campaign for the BID.
South Bermondsey ward councillor Leo Pollak said:

“We have been backing the effort to establish the Business Improvement District in Bermondsey from the very start and we're thrilled to see that businesses in The Blue have voted overwhelmingly to support the BID. The BID will not only become a rallying point for local businesses and residents to promote the changes they want to see in the area but will unlock the wealth of ideas and initiatives local people have for improving the area. The Blue Bermondsey BID is now well placed to help establish the area around the Blue as a major cultural and commercial destination for Southwark and for London, and in a way that directly benefits local people. 
“Supporting our local small businesses and high streets in these challenging times has always been one of Southwark Labour’s key priorities, and we will be there to help the Bermondsey BID realise its potential every step of the way.”
All eligible businesses in the proposed Blue Bermondsey BID Area were given the chance to vote in the ballot, which ran for 28 days, with the results announced on 4th July.


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