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BID Fundamentals Jacquie Reilly National BIDs Director
What is a BID? Partnership Business initiate/invest/manage Additional projects/services Improve trading environment
Where has the idea come from? 1970s Canada BIAs 1980s America BIDs 1990s TCM Model
When was the legislation introduced? England/Wales –2003 Local Government Act –2004 Regulations Scotland –2006 Planning Act –2007 Regulations
What sorts of services does it provide? Safety & Security Cleansing& Maintenance Access Marketing & Promotion Public Realm
How does it work? Specific proposal Voluntary contributions England & Wales occupiers vote Scotland property owner option Sunset clause Dual key majority Levy collected via rates
What is the development process? Establish Base Develop Proposal Campaign for the vote
What sort of track record do they have? 63 successful ballots –42 Town centres –2 Leisure –2 District Wide –1 Cross boundary –14 Industrial estates –2 Renewal BIDs
What impact have they had? 75% Businesses in favour 40,000 businesses £100 million investment
Is your community ready for a BID? Burning platform Right people Robust plan Business engagement Action Accountability
Thank you for listening Contact details Jacquie.email@example.com www.ukbids.org
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