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BID Fundamentals Jacquie Reilly National BIDs Director.

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Presentation on theme: "BID Fundamentals Jacquie Reilly National BIDs Director."— Presentation transcript:

1 BID Fundamentals Jacquie Reilly National BIDs Director

2 What is a BID? Partnership Business initiate/invest/manage Additional projects/services Improve trading environment

3 Where has the idea come from? 1970s Canada BIAs 1980s America BIDs 1990s TCM Model

4 When was the legislation introduced? England/Wales –2003 Local Government Act –2004 Regulations Scotland –2006 Planning Act –2007 Regulations

5 What sorts of services does it provide? Safety & Security Cleansing& Maintenance Access Marketing & Promotion Public Realm

6 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

7 What is the development process? Establish Base Develop Proposal Campaign for the vote

8 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

9 What impact have they had? 75% Businesses in favour 40,000 businesses £100 million investment

10 Is your community ready for a BID? Burning platform Right people Robust plan Business engagement Action Accountability

11 Thank you for listening Contact details


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