A business improvement district (BID) is a partnership between a local authority and a geographically-defined local business community to develop projects and services. These should benefit the trading environment and place identity, and align with the local authority’s strategic direction.
A BID is supported by a targeted rate, levied on and collected from properties within the defined boundary.
A BID provides a vehicle for local business-led initiatives that support key city objectives of vibrant centres, increased employment, business creation and development.
This policy addresses:
- The responsibilities of the Council and BID Associations
- The city objectives that a BID must meet
- The process to establish a BID
- The operation of a BID
- Managing the performance of a BID