The Winsford 1-5 Business Improvement District (BID) will be continuing for a fourth term after members delivered a resounding ‘yes’ vote at their recent ballot.
The ballot saw 91% of all companies on Winsford Industrial Estate voting in favour – meaning an impressive 99% backed the BID when measured by rateable value.
This in turn means that over £500,000 of investment will be utilised across a range of projects over the next five years.
The plan is to cement Winsford 1-5 as a flagship trading environment in the North West region.
The fourth BID term will commence on 1st April 2021 after BID 3 finishes and will then run until at least 31st March 2026.
Private sector investment
Since 2005, the Winsford 1-5 BID has created and delivered a whole range of projects, initiatives and services to make the estate a great place for businesses to develop and thrive.
During that time there has been £1.3 million of private sector investment in the area, which has seen the number of business units grow by 43%.
There are plans in place to develop the site further still to create more business and job opportunities.
November’s vote means that organisations on Winsford 1-5 will continue to benefit from BID-funded services such as CCTV and ANPR system, while employees from all businesses will have the opportunity to upskill through the many training courses that are delivered throughout the year.
On top of this, various other projects will continue to make the estate greener and cleaner and the BID team will be looking to increase the economic value of Winsford 1-5 to the local economy.
Companies on Winsford Industrial Estate will continue to have dedicated support from the BID in relation to growth, access to grants and advice, plus guidance on key issues surrounding the government, local authority and major partners.
BID programme manager Jane Hough was understandably delighted with the result, commenting: “We’re thrilled to once again receive the backing of our businesses and it’s great to know that they share our passion and vision to keep driving Winsford Industrial Estate forward.
“So much progress has been made since 2005 and we’re excited to build upon that over the next five years and continue to foster the best environment for our businesses to prosper.”
Chair of Winsford 1-5 BID, Pete Price, echoed Jane’s sentiments, adding: “The outcome of the ballot is wonderful news for everyone involved.
“We have ambitious plans which we can now progress with and can really start to think about the projects and initiatives we want to deliver between now and 2026.
“I’d also just like to say a big thank you to each and every business on the Winsford Industrial Estate for their hard work and for putting their faith in BID 4.
“Here’s to a successful future working together.”
For more information about Winsford 1-5, please visit: www.winsford1-5.co.uk