A Business Improvement District (BID) enables businesses to join together to fund projects that address specific common problems. BIDs are fair in that if the ballot is in favour, then every business has to pay the levy. All businesses that benefit from the improved services contribute a little to the cost, rather like a service charge paid in a managed shopping centre.
BIDs do not affect the level or quality of service provided by the local authority to the area, but instead provide the additional or improved services identified and requested by BID businesses.
“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