Grantham

Grantham to see £3m investment if BID project given green light

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Businesses in Grantham are being urged to place their votes to see the new Go Grantham project reach the finish line.

If given the go ahead, Grantham could see investment of £3 million over the five-year period, with all money being invested directly into projects that businesses have actively selected.

There are currently over 240 BIDS in the UK, with more than an 80% renewal rate, including in Lincoln, Melton Mowbray and Nottingham.

The Go Grantham Business Improvement District (BID) is a business led project with the sole purpose of bringing about positive change to the town. It would open the door to allow for cash injections through funding as well as helping to create an innovation growth hub, encouraging local investment and development opportunities.

Businesses are asked to pay a 1.5% levy on their rateable value, that when gathered together will be spent directly on the projects and initiatives that businesses agree need improvement.

In preparation for the vote, Go Grantham has worked with local businesses during the consultation period and has produced the final BID proposal document that provides an overview of the projects to develop and how the BID will be delivered as well as the most important elements of the voting process.

Stuart Pigram, chairman said: “The team have done a fantastic job consulting with Grantham businesses, understanding what improvements need to be made and where we can really make a difference to our town.

“We encourage all businesses to support investment in Grantham’s future and vote YES this November.