A YES renews the Occupier BID for three years, from 1 April 2027 to 31 March 2030
The corresponding Property Owner BID will continue alongside it.
The Piccadilly & Jermyn Street ballot is a renewal and alteration ballot, reflecting the proposed extension of the existing BID boundary to include Berkeley Street, Stratton Street, Lansdowne Row and Mayfair Place. Eligible businesses vote only in the ballot for the area in which their property is located.
A YES renews the Occupier BID for three years, from 1 April 2027 to 31 March 2030
The corresponding Property Owner BID will continue alongside it.
A YES vote in each will secure around £20 million of planned investment across both BID areas,
If the Occupier BID is not renewed, it will end on 31 March 2027.
The corresponding Property Owner BID will also have to end.
The additional services, projects and investment funded through both BIDs would stop and would not be replaced.
The levy will continue to be calculated using your property’s 2023 rateable value, with an annual cap of £50,000.
For businesses in the Piccadilly & Jermyn Street BID, the membership threshold is £225,000 (2023 rateable value). Properties below this threshold do not pay the levy and do not have a vote.
The annual levy rate will be 1.41% in 2027/28, 1.44% in 2028/29 and 1.47% in 2029/30.