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.
As with the current BID, the levy will be based on a charge of 1.5% of rateable value. Only premises with a rateable value of £12,000 will be included in the BID.
Retailers in The Galleries will pay a discounted BID levy of 0.75% of rateable value.
“As manager of an independent retailer on the edge of the BID area, I really appreciate the work the BID team does to help promote all its businesses, especially events like the annual Easter trail that encourage shoppers to explore the whole area.”
Andy Hills, Antics