About BIDs

Short answers to many common questions, with links to more detailed sources of information.

  • 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?

    Have a look at Norwich, Newmarket, Wolverhampton, Swansea and Southend.

  • 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?

    Get involved!