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An Introduction to Business Improvement Districts
British Destinations Conference Southport 16th June 2014 Mark Ross BID Programme Manager ATCM
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What is a BID? BID = Business Improvement District
Non-profit management company limited by guarantee Business-led Business funded Business focused Specific to a defined area
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KEY Fact 184 BIDS IN UK – 10 Year
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Evolution of BIDs First BID 1969 in Toronto
Now over 2000 BID in North America (New York = 64 BIDs) 160+ BIDs in UK Examples also in Germany, Ireland, Sweden, Serbia, South Africa & New Zealand
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What do BIDs do? Represent the needs of business & consumers
Provides a strong collective voice Ensures a sense of ownership in local desicion making Create sustainable funding for 'additionality'...
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How is it Funded? 1) Through the BID Levy
Based on a % of local business rates Money is collected by Local Authority & given to BID company
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The BID Ballot Process Select a defined area
Conduct a Feasibility Study & prepare the database Consultation – understanding business needs Prepare a Business Plan & promote this Commence your ballot 50%+ of those voting must say ‘yes’ 50+% of the aggregate RV of voters must be a ‘yes’ Maximum five year term
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‘A BID should be driven by the local businesses…’
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Cleansing & Maintenance
What type of projects could go into the Business Plan? Safety & Security Cleansing & Maintenance Marketing & Promotion & Events Economic Regeneration Destination Management
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Now your plan needs to go to ballot
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More than of those voting and the total aggregate RV must be in favour and vote yes
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It will take about months to deliver, give or take
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Tourism BIDs
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Businesses voted 70% by number and 90% by Rateable Value for it to proceed.
The Greater Yarmouth Tourism BID is the largest in the UK by area covering over 15 miles of coastline. The business plan concentrates on expanding the marketing and promotion activities significantly with increased use of TV and targeted advertising in its key markets such as the Midlands. It will also be supporting area specific campaigns. Improving the resort facilities and developing higher levels of customer service will also be a priority.
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The objectives for the Coastal BID are to:
◦Increase the number of people visiting Bournemouth and persuade them to stay longer ◦Encourage visitors and local people to explore more of our unique coastal strip ◦Provide visitors and local people with reasons to spend more in local shops, pubs, restaurants and cafes ◦Improve everyone's experience and to encourage repeat visits ◦Help make your business more profitable by negotiating discounts with key suppliers
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ATCM
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Mark Ross BID Programme Manager Association of Town & City Management T: M:
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