A BID is where businesses, within a defined geographical area,
vote to invest collectively in local improvements over and
above those provided by statutory authorities. It is a partnership
arrangement where the local business community and the
statutory authorities work together on projects that will benefit
the local economy and local businesses.

A BID levy is an equitable and fair way of funding additional projects and services, which the local authority and other statutory bodies are not required to
provide. There are approximately 97 commercial properties in the BID area which will generate a BID investment levy income of approximately £46,306
per annum and an estimated total levy income of £231,530 over 5 years.

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