Winsford 1 to 5 Business Improvement District - Similar companies

Business Improvement Districts (BIDS) have been supporting business communities across the UK since the regulations were intr ... oduced in 2004. A Business Improvement District enables groups of businesses within a specified geographical trading environment to commission projects and services that lead to improvements in the area, funded principally through a local increase in business rates, namely a BID levy. BIDS are fundamentally a fair and equitable mechanism to deliver additional projects and services that improve trading environments. The funding cannot be used to support or pay for services that are a statutory provision of the public sector, and can only be invested in line with the aims and objectives determined by the business community. Once collected, the funding is ring fenced locally and used to fund, commission and deliver projects or services as agreed by the business community. Since the approval of the first non-retail BID in the UK here on Winsford Industrial Estate by 89% of voters, the concept has been embraced by companies across the Northwest and UK. read more