91% of businesses (representing 88% of rateable value) voted Yes for the proposals in 2016, which included an expanded BID boundary and an investment plan that will see almost £4m contributed to the local economy over the following 5 years. A total of 317 votes were cast in the ballot, representing a turnout of 61%.
We welcome our new members to this vibrant community and will continute with our work to make Waterloo a great place to visit and do business.
Over the next five years we’ll see major changes: new restaurants and hotels, new housing, a revamped station - all of which will bring greater custom for retailers and provide both a fitting showcase for businesses and more to do for employees. Now on the map for increasing numbers of people, Waterloo has become a great variety of cultural and economic activity, a thriving district in which those who live and work here are justly proud. WeAreWaterloo exists to help the business community grow, to take advantage of the change and in many cases to be the force behind the change. We are looking for your support to continue that mission over the next five years.
Formerly known as Waterloo Quarter BID, WeAreWaterloo is the new name for the Waterloo Quarter Business Improvement District (BID). BIDs allow businesses in a given area the opportunity to work together to develop their neighbourhood. This can mean projects and services which improve the public realm, promotional activity, whatever BID members decide will suit their aims. BIDs are not-for-profit companies, funded through a small levy on top of business rates, plus other funding that they can raise such as government grants.