Oban could benefit from over £842,000 following a council decision to approve business proposals from the Business Improvement District (BID) in Oban for another five years. A postal ballot to approve a third term for BID4Oban will take place from 27 October to 8 December 2022.
The principle aim of the BID is to encourage businesses to invest and work together to help improve the local trading environment and boost customer and visitor numbers. BIDs can only exist if there is support from a clear majority of local businesses in a vote.
Oban BID played a key role in supporting local businesses during the pandemic and continues to work for the town of Oban to boost its economy in the most challenging of times.
For the BID to progress, a minimum 25% turnout is required and, of those that vote, over 50% by number and 50% by combined rateable value must vote in favour.
Councillor Robin Currie, Policy Lead for the Economy and Rural Growth, said: “Collaboration between businesses has been instrumental in the success which Oban’s status as a BID has generated over the past 10 years.
“We’re committed to supporting growth across our local economy and we’ve listened closely to our communities in formulating proposals to extend the BID for another five years.
“We would urge local businesses to continue to work together to help agree the best way forward for Oban in the years ahead.”