Saffron Walden BID is a local, democratically elected organisation that focuses on delivering specific initiatives agreed on by businesses in a defined geographical local area and run for five years.
In July 2018, town centre businesses in Saffron Walden voted yes to a BID for our town.
- BIDs invest in and deliver projects to improve the local trading environment, drive down business costs and raise the area’s profile.
- BIDs are led and controlled by businesses; they are independent organisations with ring-fenced resources and finances.
- The projects are funded by raising finance, principally through a levy. This levy is an investment by businesses in their future. BIDs operate for up to five years. Throughout the term they are accountable to their levy-paying businesses and must demonstrate how they make a difference.