October 2024 marks 20 years since the anniversary of the first business improvement district pilot, with £1bn invested in local services and events to improve towns and cities for communities and business.
20 BIDS were formed with the original pilot in 2003 and then brought into law with the UK regulations act the following year. Using a model from Canada, Business Improvement Districts allowed for businesses to have access to additional services, like street cleaning, improving the environment and public realm, or events and activity to increase footfall and animation.
The number of BIDs has now grown to over 340, with BIDs appearing in all four nations of the UK. A business improvement district is a defined area of a town or city where a levy is charged on all eligible business rate payers. BID levies are voted for via a ballot which takes place every five years.
Currently, BIDs invest £152m in local economies across the country, helping to support investment in towns and cities at a time when public sector funding has been impacted by budget cuts across a range of departments.
Over two decades, the role of BIDs in the UK has evolved. The BID model has evolved to create Accommodation BIDs, driven by the hotel and serviced accommodation sector. The tax to fund the Elizabeth Line led to the emergence of property owner BIDs.
BID services day to day include street cleaning, removing graffiti, security, connecting businesses and networking. But BIDs increasingly create spectacle and organise events and projects enhancing the lives of those living in local communities.
Michele Wilby is the CEO Colmore BID and Co-Chair The BID Foundation.
“20 years is a significant milestone in the relationship between the management and development of the public realm and between the public and private sector. BIDs are a key mechanism to enable businesses to have a greater role in the animation, the narrative and the appearance of their towns and city centres.
Investment in the public realm is vital if we are to continue to create places where people can thrive, and we know the pressures that have been on the public purse over the last decade and a half. As a result, BIDs have proactively stepped into the role of delivering cultural activity, of attracting visitors and enhancing tourism locally, as well as connecting and empowering the voice of business on both a local and regional level.
Investment and placemaking go hand in hand. For BIDs, it’s about everyone working together and everyone feeling they have a say - that’s what creates successful places”.
About Be Richmond BID
As a Business Improvement District (BID) Be Richmond’s role is to help ensure the town centre remains a vibrant, welcoming, and thriving community for all. Whether you're a business owner, resident or visitor, we're dedicated to showcasing the town as a wonderful place to live, work, and explore.
Be Richmond is dedicated to highlighting the unique experiences, local businesses, cultural events, and hidden gems that make our town so special. Our mission is to showcase the diverse range of businesses that call Richmond home. From boutique shops to gourmet restaurants, we provide a platform for local entrepreneurs to shine.
We are also committed to enhancing the quality of life for everyone in our community. We deliver a plethora of services that allow Richmond to fulfil its potential as a first-choice business and visitor destination. These include creating a greener and more attractive public realm that improves health and well-being and increases dwell time; delivering services for business owners and employees that save money and build business resilience; fostering a better high street experience; and tackling anti-social issues by adding to a sense of safety and security in the local area.
