Our core focus over the next 5 years
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
In favour by number: 90%
In favour by RV: 81%
High-quality public events throughout the year
Positive PR and marketing coverage
Collaborative and partnership working
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.
How can I find out more information?
Email us via firstname.lastname@example.org.
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