Businesses in Penge have voted yes in the Business Improvement District (BID) ballot to allow the BID to continue to support the town and Penge community for another five years.
Penge SE20 BID can now continue to deliver improvements for local businesses and bring further investment into the town, as it has done since being established in 2018.
Zoe Carr, Penge SE20 BID Manager said: “We are delighted that our businesses have voted for another five year term. We can continue to attract more attention and investment to this unique and wonderful town while supporting our vibrant and diverse businesses. Thank you to everyone that have worked on our exciting projects so far, including our Street Rangers, the volunteer Chair and Board of Directors and the many volunteers who we work with on various events. We now look forward to delivering even more in our second term as we continue to bring the local community together and show that we are Penge and Proud.”
Councillor Yvonne Bear, Executive Councillor for Renewal, Recreation and Housing said: “I am delighted that Penge SE20 BID has received the mandate to continue to improve the local area in support of local residents and businesses. We are proud of our use of partnership working in Bromley, and Penge is a perfect example of how such arrangements can generate prosperity for a town while bringing the local community together and supporting businesses to thrive.”
The majority of businesses, voted in favour of the Penge SE20 BID proposal during the four week ballot period. In total 78.1 percent of businesses voted in favour, representing 85.6 percent of rateable value of votes cast.
Penge SE20 BID is one of four BIDs in the borough, alongside Bromley town centre, Orpington and Beckenham.
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