What is a bid?

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A BID is an independent, business-led, not for profit organisation providing additional services and improvements in a defined area of a town. 

Businesses within the defined area that are eligible (shown opposite) pay a small levy proportionate to their rateable value to fund BID activities. 

BIDs must deliver services and initiatives as outlined in the agreed priorities published in their business plan / formal proposal document. 

A BID operates for a maximum of a 5-year period before having to go to a re-ballot when businesses decide whether to continue with another BID.

BIDs are independent from Local Authorities and are run by a business-led board of directors, selected from the business sectors represented in the town.