Camborne traders vote for Business Improvement District

Traders in a Cornish town have voted in favour of creating a Business Improvement District (Bid).

Business owners in Camborne voted for the scheme which will see them contribute 2% of their rateable value each year into a ring-fenced pot.

The money will be looked after by appointed members and be used for projects such as improving cleanliness and signage in the town.

It is estimated that about £113,000 will be raised annually.

Camborne is the fourth Bid in Cornwall, with schemes in Truro, Falmouth and Newquay.

Chris Ridgers, of Cornwall Council, said: "It is a positive sign of the confidence of the Camborne business community that they are willing to come together to take the lead in seeking and delivering results of benefit to them and their local community."

The scheme will officially start from 1 April.

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