Lincoln BIG has announced an overall yes vote following its latest re-ballot, which has given the green light to continue for another five years.
After a summer of campaigning to convince levy payers on the importance of registering their vote, the ballot saw just 39% of the 800 levy payers vote to continue supporting the organisation. But the ballot rules require only a positive majority from those who voted and with 80% voting yes that was enough to save Lincoln BIG and implement their plans until 2025.
It will do that by spending just over £1 million a year (made-up of levy payers’ monies and other income generated).
The ballot revealed:
- There was a 49.15% turnout (393 out of 800 levy payers)
- 80% of those 393 voting businesses voted yes (315 levy payers representing 39% of all levy payers )
- Together the voting businesses represented a total Rateable Value of £20,381,150
Lincoln BIG’s Chief Executive Sarah Loftus said: “We believe that we are making a real difference, but for our re-ballot to succeed, we needed more than a simple majority vote in favour – that vote had to represent the wide range of rateable values of levy payers’ premises. This is a brilliant outcome.”
“Before we drew-up our 2020-2025 Business Plan, we thought hard about the kinds of support Lincoln BIG is already offering levy payers, considered the current economic climate and then asked businesses and organisations what sort of support they wanted from us in the years ahead.
“This exercise helped us to come-up with three clear priorities – based on WELCOME, EXPERIENCE and VALUE. We want Lincoln to be well-managed and welcoming, to offer all visitors a great experience and to give our levy payers superb value for money, to help the city centre to remain competitive and sustainable.”
The result of Lincoln BIG’s re-ballot was announced after its Annual General Meeting at Home Nightclub, in Park Street, Lincoln.