What Redditch BID could deliver for our town centre?
A Business Improvement District (BID) is a geographical area in which the local businesses have voted to invest together, to improve their local trading environment. A BID will provide additional services, identified by the local businesses, using a variety of consultation methods, to enhance the performance of businesses in the district. BIDs are business-led organisations. There are over 300 in the UK.
A BID charge (known as a levy), is used only within the BID area, unlike business rates which are paid into and redistributed, by Government. It brings additional services and not replacement services. A BID company is a not-for-profit initiative.
Typical benefits of a BID could include:
Improved staff retention
Enhanced marketing strategy for promotion of the town
Businesses decide and direct what they want for the BID area
BID levy money is only used within BID area
Giving the businesses in the BID area a coherent and united voice
Long term investment
Assistance in dealing with council, police and other public bodies
Revitalise Redditch is the proposed BID for Redditch town centre.
What is a BID?
Download our Business Plan here
Ballot voting period
First day of ballot: 28th June 2019
Last day of ballot: 25th July 2019
High-quality public events throughout the year
Positive PR and marketing coverage
Collaborative and partnership working
Come and see us for a coffee and chat in the
Kingfisher Shopping Centre, Milward Square
3pm - 5pm
8am - 10am
3pm - 5pm
Thank you for your engagement
Feasibility Study and Planning Survey
Over 200 responses representing businesses in the town centre, 50% of all the businesses in the town centre.
Engagement from 12 of the top 20 levy contributing businesses in the town centre
Workshops with key stakeholders through the
Town Centre Partnership
We have held organising network events for businesses to come along to.
A Business Improvement District (BID) for Redditch is now vital. Not only does our town face challenges from out-of-town shopping and online, but also from other centres locally. Stratford, Worcester, Solihull and Northfield all have BIDs plus Kinderminster were also recently successful.
Greater Birmingham has more BIDs per head that any other place in the country per business. Redditch cannot afford to be left behind.
Our competitors are benefiting in many ways by having BIDs, primarily because they have a business voice that speaks up for their community and delivers projects that
their businesses want. Over the past twelve months, the town centre has engaged with the business community.
With £1,400,000 of investment in our town over the next five years, the BID will provide more events, a stronger marketing presence and a voice that shouts about all of the great things that are happening. Now is the time to vote YES to Revitalise Redditch.
Chair of Redditch BID Steering Committee
*For more BID info visit britishbids.info
How can I find out more information?
Email us via firstname.lastname@example.org.
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