Why a BID?

BIDs are the fastest growing partnership framework we have seen for decades in the UK. Quite simply a BID is a geographically defined area where businesses pay into a collective kitty to pay for additional services that they feel will benefit them and the local community.

Each business pays in according to its size (by Rateable Value: RV) and ALL the money collected goes to buying the extras determined by common consent. The process is managed by the businesses themselves and lasts for up to five years. Royston has had a BID since 2009 but its first term is due to finish next year, in March 2014.

Research to date and the overall conclusions From answers received from business levy payers (representing over 3,000 employees):

…. and from Royston users:

The results of our research prompted us to come up with the following prioritised actions we plan to tackle over the next five years:

Find out more about Royston First BID

What is a BID?

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BID Benefits

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Why keep the bid going?

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Propositions for the 3rd term

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