Bristol City Council collects the levy on behalf of the Broadmead BID. The levy is ring-fenced and passed to the BID team to fund the projects agreed upon in consultation with retailers.
The levy is based on a charge of 1.5% of rateable value. Only premises with a rateable value of £12,000 are included in the BID.
Retailers in The Galleries pay a discounted BID levy of 0.75%.
“As a Broadmead anchor retailer, M&S is very supportive of the BID process and its impact. The BID is driven by retailers for retailers, and has greatly improved the look and feel of the shopping area.”
Rob Bailey, Marks & Spencer