Direct Investment and Influence

  • A BID offers its members the opportunity to invest directly into the area where their premises are located.
  • Members have a say in how that investment is spent, ensuring that contributions are used to benefit the local business environment.
  • The BID levy is ring-fenced for use only within the BID area itself, allowing members to decide and direct the priorities for spending in their local area.

Advocacy and Representation

  • BIDs are quickly becoming a voice for businesses.
  • BID boards represent their members in matters that affect commercial and trading conditions.
  • They are well-positioned to lobby local and central government on issues that impact the business community.

Stakeholder Engagement

  • BIDs can assist when dealing with stakeholders such as the Local Authority, police, and other public bodies.
  • They facilitate networking opportunities between members, fostering collaboration and mutual support.

Enhanced Services

  • BIDs deliver services over and above the baseline of Local Authority provision to create a more welcoming urban realm.
  • These enhancements help to drive footfall, improve recruitment and staff retention, and attract further inward investment.

Cost Savings and Marketing

  • Combined purchasing power within a BID can help to reduce overhead costs for member businesses.
  • Destination-focused marketing and promotion enhance the isolated activities of each member business, creating a stronger overall presence and appeal.

Want to know more?

Download our brochure to see how your local BID is making a difference in Vauxhall.