BID Rules

Business Improvement Districts are governed by The Business Improvement Districts (England) Regulations 2004. Following a ballot of business, once a majority vote has been achieved in both individual properties and rateable value a BID levy becomes mandatory on all eligible occupiers.

The BID levy that provides the BID’s funding is governed by a set of rules.

  • The BID term will be a period of five years from October 1, 2021, until September 31, 2026;
  • The BID levy will be applied to rated properties in the BID district with a rateable value of £50,000 or more;
  • The BID levy will be a fixed rate of 1% rateable value using the 2017 rating list, as at April 1, 2021;
  • The BID levy for hotels specifically will be a fixed rate of 0.5% rateable value using the 2017 rating list, as at April 1, 2021;
  • A BID levy CAP of £100,000 will be applied to each hereditament;
  • The BID levy will only apply to retail, food and beverage, leisure (including Hotels) and office hereditaments;
  • Properties that come into the rating list during the BID term will be subject to the levy from the effective date that the property is brought into the rating list and the rateable value effective at that time;
  • Where the rateable value for an individual hereditament changes and results in a lower levy, then this comes into effect only from the start of the financial year in which the change is made and no refunds will be made for previous years;
  • The levy will assume an annual growth rate for inflation of 3% to be applied on April 1 each year;
  • There will be no VAT charged on the BID levy;
  • The BID levy is due on both empty and occupied hereditaments without a void period nor other reduction;
  • The BID levy will not be increased other than as specified in the levy rules;
  • Listed properties will not be liable for any BID levy whilst empty;
  • The BID levy rules, and BID area cannot be altered without an alteration ballot.

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