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BID Fundamentals

BID Fundamentals. Jacquie Reilly National BIDs Director. What is a BID?. Partnership Business initiate/invest/manage Additional projects/services Improve trading environment. Where has the idea come from?. 1970’s Canada BIAs 1980’s America BIDs 1990’s TCM Model.

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BID Fundamentals

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  1. BID Fundamentals Jacquie Reilly National BIDs Director

  2. What is a BID? • Partnership • Business initiate/invest/manage • Additional projects/services • Improve trading environment

  3. Where has the idea come from? • 1970’s Canada BIAs • 1980’s America BIDs • 1990’s TCM Model

  4. When was the legislation introduced? • England/Wales • 2003 Local Government Act • 2004 Regulations • Scotland • 2006 Planning Act • 2007 Regulations

  5. What sorts of services does it provide? • Safety & Security • Cleansing& Maintenance • Access • Marketing & Promotion • Public Realm

  6. Specific proposal Voluntary contributions England & Wales occupiers vote Scotland property owner option Sunset clause Dual key majority Levy collected via rates How does it work?

  7. What is the development process? • Establish Base • Develop Proposal • Campaign for the vote

  8. What sort of track record do they have? • 63 successful ballots • 42 Town centres • 2 Leisure • 2 District Wide • 1 Cross boundary • 14 Industrial estates • 2 Renewal BIDs

  9. What impact have they had? • 75% Businesses in favour • 40,000 businesses • £100 million investment

  10. Burning platform Right people Robust plan Business engagement Action Accountability Is your community ready for a BID?

  11. Thank you for listening Contact details Jacquie.reilly@atcm.org www.ukbids.org

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