Vote Yes

InStreatham BID is an independent not-for-profit organisation working for the collective benefit of businesses in the area. It was set up by local businesses to increase the attractiveness and appeal of Streatham as a commercial destination, to futureproof the area and attract inward Investment.

Under BID legislation, all BIDs are required to hold a renewal ballot every five years, giving businesses the opportunity to vote if they’d like their town or city to be a Business Improvement District. InStreatham has successfully completed two five-year terms. Our current term comes to an end in March 2023, at which time all our activities will cease if we do not renew. If InStreatham is to remain as a BID, a postal ballot of eligible businesses must be held by Lambeth Council to determine whether it will continue its activities for a further five-year term. The ballot will ask a simple question: Are you in favour of the proposals for the InStreatham Business Improvement District (BID)? In advance of the ballot, you will receive a letter inviting you to nominate who should vote on behalf of your organisation. You can also nominate someone else to represent your business; a proxy voter.

In order for Streatham BID to continue operating for another five-year term, the ballot must be successful on two counts. The majority of businesses must vote ‘yes’ and of the businesses who vote in favour of the BID, their combined rateable value must exceed the combined rateable value of the businesses that vote ‘no’.

No one. There is no alternative organisation to Streatham BID.

The BID is funded by businesses occupying a property with a rateable value of £7,000 or more in the BIDs defined operating area. Businesses pay 1.5% into the BID through an annual levy collected by Lambeth Council with a maximum cap of £15,000 per single hereditament. If the rateable value of your premises is £20,000, you will pay £300 p/a. An annual inflationary increase will be applied of no more than the CPI (Consumer Price Index) and at the discretion of the BID Board.

These funds are spent on delivering improvements to Streatham in line with the BID’s business plan.

No, because all rateable values are different. Each business contributes a levy equal to 1.5% of their premises' rateable value.

The InStreatham BID area covers the High Road from Telford Avenue to Streatham Common South. You can view the full list of streets on the BID website.

Streatham BID is governed by a Board of voluntary directors representing levy-paying businesses or organisations within the BID boundary. The Board is responsible for the strategic and financial management of the BID.

The BID employs a team who are responsible for the day-to-day management of the BID and delivery of projects, services and events.

All InStreatham members receive an annual report with their levy bills. Newsletters are sent out monthly and the area is connected via a series of information sharing groups.

The council is by law the billing authority for any business improvement district, which means it is responsible for the collection of BID levies. InStreatham BID provides additional services to the area and should not be confused with local authorities who provide statutory services. While the levy bill is based on 1.5% of the rateable value of your business, it is separate from the Business Rates Bill. All BIDs in the UK are governed by regulations which are set by central Government.

You will receive your ballot papers by post in January from Lambeth Council Electoral Services. Simply put a cross in the voting box then place the ballot paper in the pre-paid envelope provided and return before voting closes!

Receive Notice of Ballot: November 14th 2022

Receive ballot papers from: January 9th 2023

Voting closes: February 9th 2023

Result announced: February 10th 2023

If majority vote yes, InStreatham third term starts: 1st April 2023