London BID Toolkit Steps

Test
Development
Campaign
Running the BID
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BID Toolkit
11. BID model
Has the partnership formalised its BID boundaries and levy rules?
Up to one year before ballot
  • Drawing the boundary for the BID requires consideration of a number of aspects as follows:
    • the strategic context of the area
    • the scope for the provision of services in terms of intensity and geographical coverage using the results from the perception analysis
    • the viability of the area in relation to levy income and cost of services
    • the level of need and degree of business interest in the area
  • From this exercise, a detailed analysis of the chosen area is required to arrive at the proposed levy rules. Issues to consider at this stage are:
    • the potential total rateable value and therefore likely annual income based on a number of possible levy rates
    • the total number of hereditaments and capacity to work with that size constituency through the ballot process
    • the mix of businesses within the area in terms of size and type
    • the number and size of charitable organisations that may be subject to a discount or exemption on their levy
Downloads
Click on the links below to directly access the downloads
Sample BID levy rules
Download File size 46.67 KB
Key criteria from multiple retailers and banks
Download File size 30.99 KB
Key criteria from multiple retailers and banks
Interbank Ratings Forum
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