The headline BID levy rules and emerging key priorities of the Penge SE20 BID for its 5-year term be noted.

Authority be delegated to the Director of Housing, Planning and Regeneration that:

·  Upon being notified that the BID proposer wishes to put proposals for a Renewal BID to a ballot, to review the final version of the BID Renewal Proposal which is expected to be delivered to the Authority by 31 August 2022; and,

·  Upon being satisfied that the BID Renewal Proposal has been submitted in accordance with Business Improvement Districts (England) Regulations 2004 (Regulations) and does not conflict with any of the Council’s priorities and plans, and that its geographic scope is within the boundaries of the London Boroughs scope and is within the boundaries of the London Borough of Bromley, to instruct the Ballot Holder to hold the BID ballot on 13 October 2022, in accordance with the regulations.

Authority be delegated to the Director for Housing, Planning and Regeneration that upon review of the final version of the BID Proposal, to vote on behalf of the Council for eligible Council-occupied hereditaments which fall within the proposed BID area.

The Penge SE20 Business Improvement District (BID) was launched in 2018 for a term of 5 years to expire in 2023. During its successful first term, a number of successful initiatives were introduced, including the Street Rangers patrol and business grant programmes.  In preparing for the end of the existing BID term, the Penge SE20 BID Board and Management Team undertook initial feasibility work which confirmed an appetite within the local business community for a renewal of the BID mandate to continue for a second 5-year term.  The BID Board subsequently voted to support a ballot for a second term of five years from April 2023 to March 2028.  A copy of the draft Penge SE20 BID Proposal 2023 – 2028 containing a summary of the consultations, the proposed BID levy rules and the activities to be delivered by the BID will be provided to the Portfolio Holder of Renewal, Recreation and Housing in early-June 2022 with a view to presenting the final BID Proposal to the Council on or by 31 August 2022.