Thumbs up for MyMiltonKeynes BID third term.
Businesses across Milton Keynes have voted overwhelmingly in favour of renewing MyMiltonKeynes Business Improvement District (BID) for a third, five-year term.
The ballot result secures more than £9 million of investment into Milton Keynes city centre between 2027 and 2032, enabling the BID to continue delivering projects, services and initiatives designed to strengthen the area and help businesses benefit from future growth opportunities.
The BID, which is funded by a levy on all eligible city centre businesses, received support from 97% of those who voted, representing 98% of total rateable value cast.
The successful result follows the launch of the BID's Business Plan ‘Milton Keynes City Centre: Investing Together 2027–2032’,which sets out a programme of investment focused on four priorities:
- Enhance – creating a cleaner, safer and more attractive city centre
- Experience – creating a vibrant and compelling city centre destination
- Shape – influencing and delivering the future of Milton Keynes city centre
- Connection – building a stronger and more connected business community
Over the next five years, investment will continue to support visible city centre services such as security patrols, public realm improvements and festive lighting, while also strengthening destination marketing, major events, business insight, accessibility initiatives and place making projects designed to help businesses benefit from future investment and growth opportunities.
“While this result provides welcome reassurance that the work we do is valued, it also reflects a shared belief that Milton Keynes is on the cusp of something big,” said Jill Farnsworth CEO.
“We can all feel it and it’s exciting. The city is growing and the opportunity is real, but it won’t happen by accident. This result means we can continue building momentum and making sure Milton Keynes city centre is ready to benefit from what comes next.”
Over the coming months, MyMiltonKeynes BID will begin preparing for delivery of its new Business Plan while continuing to deliver the current programme through to the start of the new term in June 2027.
