Businesses in Central Milton Keynes have voted in favour of establishing the UK’s fourth biggest Business Improvement District (BID) outside of London, unlocking over £6million levy payer investment for the city centre.
The successful BID will now run for five years (2017-2022) and be branded as ‘Amazing CMK’.
Businesses will be required to pay an additional levy in order to fund projects via the BID.
Melanie Beck, chief executive of the Amazing CMK BID said: “After 28 days of voting, MKCCM are delighted to see a successful outcome to the Amazing CMK BID ballot.
“We are happy with the overwhelmingly positive mandate and look forward to delivering significant change to benefit the local area.
“Our core aim over the next five years is to ensure Central Milton Keynes is a safe, vibrant and enjoyable place to work, live and visit.”
Milton Keynes City Centre Management has been operating for over 10 years and developed a strong vision for a BID identifying a clear set of priorities to make a difference to the city.
Their vision was guided by the dedicated team at Central Management Solutions (CMS) who have successfully delivered BID consultancy with it’s unique five stages of BID development model.
This will result in more than £6 million of investment (with an annual BID funded budget of approximately £1.2 million) to be put back into Central Milton Keynes.