SIGN UP FOR THE FREE Mole Valley For Business Networking Event 9TH JULY

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. 

There are over 330 active BIDs operating in the UK, with nearly 90% deciding to renew their local BID after their first 5-year BID period.