Penrith BID ballot for a third term: not approved

A ballot was held on 30 November 2022 on the proposal for a third term for the Penrith BID, this was a proposal for a five-year term from 2023 to 2028. For a third term of the BID to be approved, two threshold tests must have been met in the ballot:

1. More than 50% of votes cast (turnout) must be in favour of the BID; and

2. The positive vote must represent more than 50% of the Rateable Value (RV) of the votes cast.

The total number of votes cast, excluding rejected ballot papers, was 115, representing a rateable value of £2,642,650. The votes in favour were 89, representing a rateable value of £1,084,850.

A majority of the business ratepayers in the proposed BID area who voted, voted in favour of the proposal, but not by aggregate rateable value. As both of the threshold tests were not met, the proposal for a third term of Penrith BID has not been approved.