What is a BID?
A Business Improvement District (BID) is a not-for-profit company set up by the businesses to improve an area.
It empowers local businesses to raise and spend funds within an area with the aim of improving their trading environment.
It is an investment scheme where local businesses agree how their money should be invested to benefit themselves, their employees, visitors and their town.
A BID is a legal body which can only come into being following a successful ballot in which all eligible businesses have a vote on whether the proposed business plan should go ahead.
There's already over 230 BIDs operating across the country
Locally, towns such as Luton, Hitchin and Watford have already got successful BIDs
BIDs are about additionality. They do not replace local authority or police services but provide additional resource and activities to benefit the area.
BID LEVY 2020/21
The levy bills for the period 20/21 will be going out in early March.
You can pay for the levy in the following four ways
- Debit or credit card, by calling 0845 6041064 or going online at Welwyn Hatfield Borough Council
- Cheque payable to Welwyn Hatfield Borough Council
- Cash at the Council offices
- BACS creating a new payee using the following details
Sort Code: 40-46-08 Account number 41020900