What is a BID?

This is the definition of what a BID is from the British BIDs website:

A Business Improvement District (BID) is a business-led and business-funded body formed to improve a defined commercial area. The benefits of BIDs are wide-ranging and can include:

- Businesses decide and direct what they want in their area
- Businesses are represented and have a voice in issues affecting their trading area
- BID levy money is ring-fenced for use only in the BID area Increased footfall and spend
- Improved staff retention
- Reduced business costs
- Enhanced marketing and promotion
- Support with sustainability initiatives
- Guidance in place shaping vision activities
- Facilitated networking opportunities with neighbouring businesses
- Assistance in dealing with the Council, Police and other public bodies