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What's a BID?

The Business Improvement District Regulations 2004 is legislation which enables local businesses in a clearly defined area to form partnerships with stakeholders to implement improvements which will benefit their locality. Training exercise
BIDs work in addition to existing services provided by the local authority to encourage the revitalization of an area, addressing issues such as image, security, cleanliness or local transport.

Businesses decide on the issues they want to address, the amount of funding to be raised and the services they want to implement. These must be agreed upon by a majority of ratepayers in the BID area via a Ballot. Approval of a BID has to meet two tests:

  1. A simple majority of those voting in the BID ballot must vote in favour.
  2. Those voting in favour must represent a majority by rateable value.

The improvements will be funded via a supplement to the business rate billed by the local authority. These additional funds will be handed over to a BID company and used to deliver the improvements.

More information on Business Improvement Districts is available at UKBIDs.org

Further information is available from either:

Rafik Adam, Economic Development Zone Manager on 01254 844120 or Rafik.Adam@Blackburn.gov.uk or
Andrew Skinner, Business Development Officer on 01254 844134 or Andrew.Skinner@Blackburn.gov.uk
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