What is a bid?

Independent, business-led

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

The BID Levy Area

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

BID Services & Initiatives

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

BID 5-Year Operating Period

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.

Business-Led board

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.

BIDs Across the UK

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.