Local MP: It’s Time to Come Together to Back the Streatham BID

Streatham MP Chuka Umunna has urged local and national businesses in Streatham to back the creation of a Business Improvement District, which he has called an excellent local initiative that will bring great benefit to local businesses.

Mr Umunna has been a consistent vocal supporter of the case for the Business Improvement District and the creation of the BID is one of the five elements of his ‘Streatham Strategy’ to help Streatham High Road. Mr Umunna has been visiting local shops and other businesses to encourage them to vote yes in the upcoming ballot and also written to urge CEOs of large businesses, that will make the decision at a national level, urging them to back the BID.

A ballot of eligible businesses, required for the creation of the BID, is currently being run in the local area. The Ballot closes on February 21 2013 and, in order for the BID to come into existence, a simple majority of those voting must vote in favour and their votes must also represent a majority of the aggregate rateable value of the properties that vote.

The plans for the Streatham Business Improvement District, which will be called inStreatham, would see the creation an organisation owned and run by local businesses that will provide services that benefit local businesses, in addition to those provided by Lambeth Council, the Police and other agencies.

Commenting, Chuka Umunna said:

“My constituency has always been the centre of my universe and it is essential that everyone else in London knows how great it is too. It is a brilliant place with amazing potential and the Streatham Business Improvement District is an excellent local initiative that will bring great benefit for local businesses.

“I have been out encouraging as many local businesses as possible to back the BID, and I have been urging the CEOs of larger companies, who will make this decision at a national level, to back our local area by voting in favour of the Business Improvement District.

“At a time when there are more than 15 people in our area chasing every available job, the BID will mean action that will mean more people will visit Streatham, more people will shop in local shops, more resources will be put into protecting our businesses from crime and more savings will be found from the cost of key services.

“The time has come for everyone locally to come together and back the case for the inStreatham Business Improvement District. The argument in favour has my unreserved backing and I would encourage every business in the area, local and national, to join together to get the best for the future of the High Road and surrounding area.”