What is a BID & BID levy?

A Business Improvement District (BID) is a defined geographical area where business rate payers agree to pay a levy into a fund for a fixed five-year period. A BID enables businesses to join together to fund projects that address specific common problems. Agreed initiatives are then delivered to improve the area for businesses.
BIDs do not affect the level or quality of service provided by the local authority to the area, but instead provide the additional or improved services identified and requested by BID businesses.

Following a successful ballot in September 2023 (119 votes were cast, 94 in favour, which equates to 79% by number and 82% by rateable value; the turnout was 44%), Broadmead BID began its fifth term on 1 November 2023. This BID will continue until October 2028, delivering the initiatives outlined in the Broadmead BID Business Plan 2023-2028.

If the ballot is in favour, then every business has to pay the levy. All businesses that benefit from the improved services of the BID contribute to the cost.

The Broadmead BID is one of four BIDs in Bristol and more than 330 in the United Kingdom. Nationally, BIDs generate more than £150m, which is invested in delivering local initiatives and improvements over and above those mandated by local authorities.