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What is a BID?

  • An independent, business-led & not for profit company that invests in the things that matter most to businesses and their customers
  • A five year funded programme with clear objectives and local accountability
  • Projects and services in addition to statutory services provided by public authorities such as the city council and police
  • A defined geographical area within which all businesses collectively invest
  • A fair and transparent ‘levy’ on all eligible occupiers within the BID area, complemented by additional voluntary contributions from other stakeholders such as property owners and developers if appropriate
  • A five year initial term, after which a renewal ballot can take place for a further five year term