It’s a Yes!
Stratford town centre businesses have voted yes to the Stratford Original BID continuing for a third term, with businesses overwhelmingly voting in favour of the bid continuing for another five years. This also include the BID expanding its boundaries to include new businesses into the district.
Read moreRESULTS
Stratford town centre businesses have voted yes to the Stratford Original BID continuing for a third term, with businesses overwhelmingly voting in favour of the bid continuing for another five years. This also include the BID expanding its boundaries to include new businesses into the district.
Results released today show 90% of participating businesses supported the BID’s renewal, allowing for continued investment in the original Stratford through improvements and initiatives from April 2025 to March 2030.
From 5th November to 5th December 2024, eligible businesses were asked to support Stratford Original BID for another term, securing £2 million to be reinvested into the town centre.
A total of 292 businesses were able to participate in the ballot, with the BID achieving a 60% turnout. Of those who voted, 90% supported the BID by number, and 95% by rateable value—showing a tremendous confidence in the bid for its third term.
Stratford is the place where commerce meets culture, community and connectivity. A place in constant evolution shaped by the past and open to the future. Stratford is the place we are passionate about and committed to helping develop and prosper. Stratford Original BID are committed to building our services, continuing to deliver business essentials, making Stratford safer, while enhancing our streetscapes, promoting our members and producing exciting events. The ballot period will be starting on the 5th November and will be closing on the 5th December. The vote will be carried out by postal vote.
OUR RENEWAL BALLOT
Following consultation with businesses, we will be expanding the existing bid area to include Burford Road and Cam Road. Both streets include four office blocks with whom the BID holds pre-existing relationships. The BID has existing relationships with key businesses within the two street and the consultations completed by 8 of the 14 properties have informed the decision to expand. The existing services of the BID will simply be expanded to these streets.
EXPANSION AREA
CONSULTATION
Stratford is Now is the manifesto setting out a clear vision for Stratford for the period 2025-2030. The renewal proposal for the BID’s third term is informed by a detailed consultation process. We contacted all our members through various communications methods, to ensure that businesses had the chance to share their views. We gathered over 100 individual responses through this process. Through our consultation, we wanted to better understand which initiatives are important to you and which new projects would add more value to your business.
Between the 5th November 2024 to 5th December 2024 businesses had the chance to vote YES for the continuation of the bid programme of improvements for the Stratford Town Centre. The ballot took place by postal vote only.
Our business plan Stratford is Now aims to reflect the priorities of all members. We strongly believe that Stratford is Now will create additional value for all.
Read our Stratford is Now proposal documentVOTE YES
THE TIMELINE
OUR MANIFESTO
STRATFORD IS NOW
This document sets out a vision for the original Stratford following an extensive consultation carried out with local businesses, the London Borough of Newham, and other key stakeholders.
DownloadFAQs
- What is the Stratford Original BID?
- What is the Renewal Ballot Consultation?
- When is the Renewal Ballot taking place?
- Expansion Area
- Who is eligible to vote?
- Business Club
- How much will the BID cost me?
- What will I be voting on?
- What happens if I don’t vote or vote no?
- Why shall I vote and how does it work?
- How can I help shape Stratford?
What is the Stratford Original BID?
The Stratford Original BID (Business Improvement District) is a not for profit organisation funded and led by the local business community. There are over 320 BIDs in the UK and over 70 in London, BIDs are leading on the delivery of bespoke solutions to local business priorities.
Stratford Original BID is funded by local businesses within the area boundary. The BID levy is raised in addition to business rates. We have also been successful at raising additional funding across our terms. The Executive Team is overseen by a Board of volunteer Directors made up of local business owners and managers who dedicate their time to enhancing Stratford.
Due to National legislation, BIDs have a five-year lifespan. They are established through a democratic ballot. Every five years, local businesses have the chance to vote in favour (or against) the establishment of such organisations. If a majority of Stratford businesses voted yes in the renewal ballot this autumn, the third term of the BID will run from 2025 – 2030.
What is the Renewal Ballot Consultation?
Your input is vital as we shape the future of our BID for the next five years. The renewal ballot consultation is an opportunity for you to share your ideas, discuss our current delivery programme and explore ways we can enhance our services. You can complete your survey in-person, online or at our workshop on 24 June 2024.
When is the Renewal Ballot taking place?
eThe renewal ballot will take place from 5th November to 5th December 2024, eligible local businesses will have the chance to express their support for another five years with a yes vote.
Expansion Area
Following a separate consultation process and a Board decision, the BID area will be extending to Burford Road and Cam Road (E15) should we be successful at the renewal ballot.
Who is eligible to vote?
In Stratford, every business that is based within the boundary area and with a Rateable Value (RV) of £12,000 or over will have the right to vote. We have set the ‘minimum threshold’ at £12,000 RV to align with those businesses who are already eligible to pay business rates.
Not sure what your RV is? Find out here.
Business Club
Businesses who are within the boundary area and have an RV below the minimum threshold of £12,000 can remain involved with the activities of the Stratford Original BID by opting into the Stratford Original BID Business Club. Business Club members will, however, not be eligible to vote at any renewal ballot.
How much will the BID cost me?
A mandatory levy of 1.5% is applied in addition to business rates.
This means that if your RV is £12,000, your levy will be £180 per year. If you are a registered charity, then you are in for an 80% discount on your levy
What will I be voting on?
REYou will be voting on the Stratford Original BID continuing for another five year term. You will be sent our proposal document Stratford Is Now which will layout our intentions to continue supporting our business community through our Business Essentials, Enhancing Stratford, Safer Stratford and Promoting & Marketing initiatives. The BID model is entirely based on local businesses identifying priorities for the area.
Your vote yes vote between 5th November and 5th December will be your agreement to support our vision and proposal for the period 2025 to 2030.
What happens if I don’t vote or vote no?
SULIf you decide not to vote, you will not have a say on whether the BID continues for another five years. If more than 50% of eligible voters vote no, the Stratford Original BID will cease to operate in March 2025.
To have a successful renewal ballot, the Stratford Original BID will need at least 50% +1 of eligible voters voting yes in both numerical and rateable value. If the BID is successful in achieving the renewal ballot, you will still be a part of the BID for the next five years regardless of whether you abstained or voted against.
Why shall I vote and how does it work?
TSWe believe that all businesses should vote yes as the stronger the mandate, the stronger the voice of businesses in Stratford.
In Autumn, an independent organisation called Electoral Reform Service (ERS) will post your ballot papers directly to your business address. Once you receive your papers you can cast your vote and then post it back using the prepaid envelope provided.
You will have from 5th November 2024 – 5th December 2024 to return your vote via post. All votes must arrive for count no later that 5pm on 5th December. Please make sure to post your completed vote 2 – 3 working days before the ballot closes.
How can I help shape Stratford?
From its inception, Stratford Original BID has grown to become a vital mechanism for the business community to deliver initiatives to fulfil the potential of the original Stratford.
If you have any ideas, suggestions or would like to be more involved, please get in touch via email, phone or just come and say hi to us in our office.
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