Otley BID Wins Vote for 2nd Term
On 9th November voting closed for Otley businesses to decide whether Otley BID should continue for a 2nd term.
Steph Lee, Chair of Otley BID announced:
“We are delighted with the ballot results which gives Otley a further £375,000 to spend over the new 5 year period beginning 1st April 2019, and would like to say a huge ‘thank you’ to everyone who supported us.”
The results of the ballot were as follows: 543 ballot papers were issued of which 245 were returned (45.49%), of those papers returned 71% voted yes and we also passed the rateable value threshold that is legally required.
Our Directors meet on a monthly basis, therefore, if anyone has any questions or have any ideas of projects they would like to see implemented in the town, please do not hesitate to contact us on firstname.lastname@example.org.
If you would like to view the 2019/24 Business Plan which will form the basis on how the Otley BID Levy is spent over the next 5 years, it can be viewed at http://www.otleybid.co.uk/business-plan-2019-24/
Are You Eligible for Business Rate Relief?
One of the first projects that we will be working on is contacting businesses who may be eligible for Small Business Rate Relief.
Businesses who qualify for the 100% relief will have a rateable value of £12,000 or under, then a reducing percentage up to a rateable value of £15,000.
The criteria is that it must be the only property subject to Business Rates in England.
The qualifying businesses will have previously received a Review Form from Leeds City Council, but not yet returned it. To apply the form must be sent to the Business Rates Department.
We look forward to hopefully helping these business owners save a significant amount of money through the coming weeks.