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.
Want to find out what your levy is spent on? Then join us at 5:30pm on Wednesday 27th November for our Annual General Meeting. This is a great opportunity for you to find out what we have achieved in 2019 and what exciting plans we have for 2020.
Refreshments and snacks will be available. Please let us know if you will be attending by emailing firstname.lastname@example.org