About Vauxhall One
What kind of organisation is it?
A BID is an organisation established and run by local businesses to improve the commercial conditions of the defined area. It is funded through a levy on business rates, introduced via a ballot for which a majority of eligible businesses (by number and rateable value) must vote in favour. If the ballot is successful the BID term is usually 5 years during which time an agreed set of services are delivered towards the collective objectives of the BID members.
How we are funded and what we do with it
Businesses with a rateable value of over £20,000 pay an annual levy of 1.5%. Charities, community groups and other non-profit organisations qualify for a relief in levy. This levy income is reinvested into our key focus areas for the improvement of Vauxhall: Cleaning, Greening, Safer, Better and Destination. More about our services can be found here
You can find the PDF for our accounts to the right - under the Useful Docs section.