Business Improvement Districts (BIDs) are created where local businesses see the opportunity to invest collectively to help make local improvements which will benefit the local community. These improvements are outlined by the BID Company in their business plan.
BIDs are developed, managed and paid for by the business sector by means of a compulsory BID levy (which is usually based on the Rateable Value of the property). Each business within the proposed BID area who is identified as being liable for the BIDs levy will be able to vote on whether or not the BID goes ahead before the BID can be established.
The BID ballot process
The businesses within the proposed BID area identified as being liable for the BID levy must vote in favour of the BID before it can be established.
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.
BIDs have a maximum duration of 5 years but have the opportunity to renew by a further ballot.
Our Role in BIDs
We act on behalf of the BID Company and are responsible for the billing and collecting of the levy.
An invoice is issued to each business within the BID area requesting payment by instalments.
Payment of the Levy can be made by:
If you do not pay your BID Levy by the due dates we may take further steps including legal action to ensure payment. We recommend that you pay your BID Levy by Direct Debit to ensure these are received on time.
If you are finding it difficult to pay your BID Levy please contact Customer Advice and Support Service online or call 0300 100 1800 and select Option 3.
We can help you with the following enquiries:
- Who should be liable to pay the levy
- Amount of levy based on the rateable value
- Setting up a Direct Debit
- Making a debit or credit card payment
- Balance and Instalments enquiries
Proposed Tourism BID for Tweed Valley
A ballot was held on the proposal to introduce a Tourism BID for Tweed Valley on 14 November 2019 and the businesses voted to establish the BID which will commence on 1 April 2020. We will be contacting all businesses that will be liable to pay the BID levy at the beginning of the new year.
For further information visit the Go Tweed Valley website.
Selkirk BID was started in April 2017 by Selkirk Means Business Limited.