What are the Benefits

A BID offers you a unique opportunity to make a difference to your trading environment. BIDs provide many benefits for local businesses and for other parts of the community as shown below:

Businesses / Property Owners

• Increases footfall
• Increases consumer spend and sales
• Reduces costs (crime reduction, joint activities, e.g. promotion and marketing)
• Is flexible to address the issues of individual sectors
• Gives businesses a local voice
• Creates a more appealing environment for employees
• Gives equal involvement and benefits to all businesses
• Fair system; those that invest benefit – no freeloading
• Can decide and vote for action before making the investment
• Can control the process and monitor results

The Landlord

• Assists capital value growth
• Increases an area’s desirability and attracts occupiers
• Good PR for company locally and regionally
• Forges positive links with the local council

The Community

• Promotes economic well-being and growth
• Attracts inward investment
• Helps our competitiveness within the region
• Develops partnership between the private and public sectors
• Provides sustainable investment for ongoing projects and services
• Creates a positive sense of place and enhanced feeling of safety and wellbeing

Local Authorities

• Harnesses private sector management / organisational drive and skills
• Promotes greater understanding of the role of local authorities
• Provides an effective means of liaising with the business community