What is a Business Improvement District or BID?
BIDs are designed to improve the economic performance of an area. There are currently more than 300 BIDs in the UK, with more on the way. BIDs create significant sums of investment across the UK and participating businesses and employers use the monies they gather through a small levy to pay for such items as events. street furniture, improved public realm, Christmas lighting, additional security, CCTV, local discount schemes, bulk buying, apprenticeships and work experience, deeper street cleaning and recycling.