Business Improvement District secures fourth term

9 November 2026

Written by: Lambeth Council

Elections and Democracy - News and announcements

Businesses in Vauxhall have overwhelmingly backed proposals to continue with their Business Improvement District (BID) for another five years 

The ballot results, announced on Friday 06 November, reflected strong support from local businesses and renewed the mandate for Vauxhall One BID to continue delivering its services, projects and support. 

The ballot achieved an 88 per cent approval rate among businesses, demonstrating their continued support for the BID’s vision and objectives. 

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Business Improvement District secures fourth term

Cllr Michael Chessum, Cabinet Member for Economy, Cost of Living and Empowered Communities, said,

“Vauxhall is a thriving town centre, and Vauxhall One BID has played an important role in its continued development. With a renewed mandate for the next five years, I welcome the strong support shown for Vauxhall One BID and look forward to the council continuing to work closely with them to support Vauxhall’s future growth and success”. 

 

The key figures from the ballot are as follows: 

  • Total number of eligible businesses in the BID area: 461 
  • Total returned ballot papers:  145
  • Turnout:  31.4%
  • Total valid votes received:  135
  • Total rateable value of valid votes cast:  £24,350,750.00
  • Total number of valid votes in favour of the BID:  119
  • Total rateable value of votes cast in favour of the BID:  £19,174,250.00
  • Percentage of votes cast in favour of the BID:  88.15%
  • Percentage of the total rateable value of votes cast in favour of the BID:  95%

This result highlights the BID’s continued importance in supporting local businesses and improving the area over the next five years. The renewal of Vauxhall One BID will help secure further investment in the neighbourhood, creating opportunities for businesses to prosper and supporting the continued growth and success of the local economy. Members of the Vauxhall BID, The Mayor of Lambeth and officers from Lambeth Council sit around a large green table

Bernard Collier, CEO at Vauxhall One BID, said:

“Thank you to every business that took the time to vote. This result is a clear mandate to keep doing the practical things that make a difference every day, and to be more ambitious about what comes next. 

“Over the next five years, our focus is on making Vauxhall feel safe and welcoming around the clock, filling our streets and spaces with life, and making sure businesses are heard as the area continues to change. Some of the improvements our members want most, like better streets around the gyratory, need long-term partnership. We are ready to lead that work on their behalf.” 

 

Aseem Sheikh, Chair of the Vauxhall One Board, said: “On behalf of the Board, I want to thank our member businesses for their continued confidence. Vauxhall One exists to serve the businesses that fund it, and this vote shows they value what the BID delivers. 

“The Board will hold the team to the plan we put to voters, with careful management of every pound of levy and regular reporting back to members. We will keep working closely with Lambeth Council, TfL, Network Rail, the Metropolitan Police and the wider community, so that Vauxhall’s growth benefits everyone who works, lives and spends time here.” 

 

Vauxhall One’s new term starts on April 01 and builds on the achievements of previous terms. For more information, visit https://vauxhallone.co.uk/.

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