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Business Improvement Districts (BIDs)


A BID (Business Improvement District) is a locally funded scheme to introduce real improvements to a business area and its local community. A levy is charged on all business rate payers in addition to the business rates bill and the accumulated levy is used to develop projects which will benefit businesses in the local area. It allows the local business community, working alongside local authorities, to make a sustained contribution to improvements in the local trading environment.


The attached link directs you to the BID guidance issued by the Department for Communities and Local Government.


Resources

» BID Guidance