THE business improvement district (BID) in Alloa has been renewed today for five years after the majority of those who voted were in favour.

Rebranding as Alloa First, the BID will enter a third term after 71.85 per cent by the numbers and 83.4 per cent by rateable value were in favour with a turnout just shy of 46 per cent.

The first step will be the formation of a new board of directors and associated sub-groups at the inaugural annual general meeting (AGM) to be held on November 26 from 6pm at Forth Valley College in town.

Accounts will also be available to every paid-up levy member at that meeting.

Volunteers are also being sought for the board and sub-groups.

Neil R McFarlane, interim chair, said: “Feedback from BID members determined a need for real change and it’s heartening that members have voted to support an improved vision for a further five years with the new business improvement district.

“It is an exciting time with both the town centre regeneration program and city deal funding covering the BID area.

“The completely new BID board will provide a strong, bold voice for Alloa’s businesses and organisations, and enable feedback of members’ aspirations for the changing local landscape to secure a stronger future for the town.

“I would like to thank everyone that returned their ballot papers and also to thank the previous board of directors for keeping the BID going through some really tough times.

“A huge thanks also to Diane, Alex and Frank for all their hard work helping to secure this much needed new direction for Alloa First.

“I urge everyone to get involved in the new look improvement district in whatever way they can, it really is your chance to put Alloa First.

“May I take this opportunity to wish the new board and Alloa First the best of luck for the future.”

Local MSP Keith Brown added: “I am pleased that BID members have approved the ambitious plans presented and that work can now proceed to develop Alloa and broaden its appeal to the benefit of all the businesses which operate here.

“There is a real opportunity here for the local business community to drive positive change and boost the local economy, and as local MSP I look forward to working with those who lead this process forward over the coming months and years.”