How might one describe a BID quickly & succinctly?
A BID is a legal entity - established for five years - that invests in delivering local projects and services outlined in an agreed business plan.
How many towns and cities have a BID?
There are over 270 in the UK with 165 in their second term and 33 in their third.
How long have BIDs been around?
The first was set up in Kingston-upon-Thames in 2005. Some are now in their second and third term.
Specific examples of improvements brought about as a result of a BID?
What will a BID provide that the town and district council won’t, or can’t?
Anything that a majority of businesses agree upon, as well as more or better versions of council services, if required.
Isn’t this just an excuse to get local businesses to pay for council services?
No. A formal baseline of services to be delivered by local authority will be agreed beforehand as part of the Saffron Walden BID process.
Isn’t this just another tax on businesses?
No. Taxation levels are predetermined and can be spent on anything. The BID levy and how it is spent must be agreed by a majority vote.
How long does the BID last?
Up to five years. At that point all businesses will be asked whether they want to renew the arrangement for another five years, following a new BID proposal, consultation, business plan and ballot process.
How do I get my voice heard in this process?
Get involved, join the groups, fill in the surveys, go to workshops and - crucially - vote in the ballot.
How will I get the most out of a BID?