English Riviera BID Company Ltd (B.P.F. 2026)

ERBID - Business Improvement District

What to expect at English Riviera BID Company Ltd (B.P.F. 2026)

What is a Business Improvement District (BID)?
A Business Improvement District or (BID) is an arrangement whereby businesses collaborate to decide what additional services (in addition to those already provided by Business Rates) that eligible businesses are prepared to pay for. These additional services are voted upon by eligible businesses (Levy Payers). If the majority of Levy Payers vote yes by both number and rateable value, a BID can be created, aligning to the Business Improvement District (England) Regulations 2004. A BID exists for a maximum of 5 years before it can be renewed and must spend the money collected within the BID area and in accordance with the agreed and voted for additional services. The payment of the annual Levy is mandatory.