A Business Improvement District, also known as a BID, is where businesses in a set area are charged a levy used to improve their trading environment and to fund and deliver the projects outlined by the BID Company in their Business Plan.
The levy is usually based on the Rateable Value of the property.
The BID ballot process
The businesses within the proposed BID area must vote in favour of the levy before the BID can be established.
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