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Why do BIDs work?

BIDs, once voted in by the business community, provide a secure and transparent investment plan controlled by businesses. BIDs are not vulnerable to public sector decision making, policy or cuts.

Key Benefits

  • Investment on a scale that is unachievable by businesses working alone
  • Priorities for investment defined by businesses
  • Building on existing success, experience and research, not starting from scratch
  • Five year secured investment
  • Long term planning
  • Opportunity to continue beyond five years

A tried and tested formula with over 300 BIDs now in existence across the UK in numerous towns and cities. The most success locations are those where the businesses are committed to the area by investing in it themselves via a BID levy.