Business Improvement Districts
Business Improvement Districts (BID) are created where local businesses see the opportunity to invest collectively to help make local improvements which will benefit the local community.
BIDs are developed, managed and paid for by the business sector by means of a compulsory BID levy which the businesses within the proposed BID area must vote in favour of before the BID can be established.
Each business liable to contribute to the BID will be able to vote on whether or not the BID goes ahead.
The BID ballot process
The BID ballot is a confidential postal ballot commissioned by the returning officer.
For the BID to be successful, there must be a minimum of 25 per cent turnout by the number of businesses and by combined rateable value. Of those that vote, over 50 per cent by number and 50 per cent by combined rateable value must vote in favour of the BID.