A Business Improvement District (BID) is a precisely defined geographical area where the local business community has voted to invest in additional services to those provided by the local authority. The BID aims to provide additional or extended services or environmental improvements to the prescribed BID area. The BID is funded by a levy charge paid by non-domestic rate payers within the BID area.
BIDs in Newcastle upon Tyne
Newcastle NE1 Business Improvement District
For the BID to go ahead two conditions must be met: firstly, a majority of those voting have to vote 'yes' and secondly those 'yes' votes have to represent more than 50% of the total rateable value of all votes cast. There is no minimum turnout threshold. If these conditions are fulfilled, payment of the levy becomes mandatory for all businesses regardless of how they voted. So, a BID will only be established if the majority of businesses, by number and rateable value, want it.
- Result of BID ballot (pdf, 15kb)