BIDS IN THE UK
The City Centre BID is one of five BIDs in Bristol and more than 300 in the United Kingdom. Nationally, BIDs generate more than £750m, which is invested in delivering local initiatives and improvements over and above those mandated by local authorities.
WHAT IS a BID?
A Business Improvement District (BID) is a defined geographical area where business rate payers agree to pay a levy into a fund for a fixed period. Specific agreed initiatives are then delivered to improve the area for businesses.
The Bristol City Centre BID was developed through a two-year consultation period culminating in a vote in July 2017. This BID will continue until October 2022, delivering the initiatives outlined in the current business plan. During 2022 there will be a ballot on the continuation of the BID for a further five years.