BID Toolkit - Step 4: BID viability

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BID Toolkit

4. BID viability

Has the partnership developed knowledge of BIDs and modelled the feasibility of a BID levy?

Up to 18 months before ballot

Is there a basic awareness of BIDs in the partnership? It is important that members understand the basic principles of BIDs at an early stage
Before embarking upon the detailed BID levy modelling, it is beneficial to undertake a crude viability exercise to ascertain a general overview
To do this crude exercise the following should be considered:
- Has an indicative BID boundary been drawn up?
- Has the current Ratings list been obtained from the relevant local authority?
- Has an indication of Business Rate recovery levels for the area in question been obtained from the local authority?
- Has a basic calculation of possible BID budget and cost to individual businesses been undertaken based on two or three levy rates?

Downloads
Click on the links below to directly access the downloads

	BID levy models – a rough guide
	Download File size 48.93 KB
	Sample BID boundary exercise
	Download File size 2.12 MB
	Visit British BIDs for more information on BIDs
	Visit British BIDs for more information on BIDs
	Defining the BID area
	Download File size 106.26 KB
	Download this step as a PDF
	Download File