Updated:
10:49 AM May 13, 2021
Fewer businesses will have to pay the Hampstead BID levy if it is voted back in later this year
- Credit: Archant
The bosses of the Hampstead Village Business Improvement District (BID) have released the business plan they hope will persuade local firms to back the controversial scheme for another five years.
A vote will be held in June on the scheme, which charges a levy on traders and aims to promote business in the area.
The document includes detailed spending plans for the next five years and also explains the BID – which has previously been challenged in court – is also planning to raise the business rates threshold, meaning fewer businesses would have to pay.