London's W1 retailers agree to scheme to inject £6 million a year into area
Retailers on Bond Street, Oxford Street and Regent Street have voted in favour of creating a formal Business Improvement District (BID).
The vote will mean an injection of£6 million a year into the area, with half coming from mayor Ken Livingstone, who agreed to match private-sector funding. The yes vote will come as a relief for the Government, which had been pushing the concept, but received a setback when businesses at Maidstone in Kent voted to reject the BID. John Lewis Oxford Street managing director Peter Still said: 'The BID will deliver significant improvements for the area and provide a real return on investment for West End retailers.'
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