Business improvement districts
What is a business improve district (BID)
A BID works by empowering local businesses to manage and improve the area in which they trade and to fund local projects and campaigns. A BID can only be formed following consultation and a ballot in which business ratepayers vote on a business plan that sets out how the BID will be managed and operated.
In the UK the BID ballot must be won on two counts: straight majority and majority of rateable value. This ensures that the interests of all businesses, large and small, are protected.
If the ballot is successful, a not-for-profit company is then established to oversee the management and delivery of the BID. Over 130 towns and cities across the UK have established a BID, with many now entering their second five-year term
Our local business improvement districts
We have two local business improvement districts; HWBIDCo in High Wycombe town centre, and Globe Park in Marlow. Find out more about what they do below.
The High Wycombe town centre BID was voted for by local businesses in 2012. Their work, among other things, involves managing public spaces, regenerating empty commercial property in the town and overseeing the business security partnership. They also support campaigns such as the Frogfest Music Festival, the Purple Flag night time economy accreditation and Britain in Bloom.
Established in 2015, The Globe Park BID works in partnership with 51 the businesses at Globe Park to address such issues as highway and footpath maintenance; lack of off street car parking; signage and directions; safety and security on site and improving connections between businesses.