Content Related Links
Related Links
- Aberdeen and Aberdeenshire Retail Study
- Aberdeen Local Plan (2008)
- Aberdeen Statistics and Facts
- City Centre Management
- City Centre Urban Realm Strategy
- Disabled Access Information
- Planning and Sustainable Development
- Retail Planning Information
- Union Street Pedestrianisation
- Union Street Retail Premises Survey
- What's On In Aberdeen
External Links
Aberdeen City Centre Business Improvement District
Introduction
A Business Improvement District (BID) is a partnership between a local authority and the local business community to develop projects and services that will benefit the trading environment within the boundary of a clearly defined commercial area, where businesses have voted to invest collectively in local improvements which will benefit the local economy. BIDs should not be seen as a substitute for central and local government investment, but rather an additional investment to strengthen an area's economic outlook with the aim of increasing returns to those businesses that are paying for the improvements on a basis agreed by them.
BIDs are developed, managed and paid for by the business sector through an additional levy calculated on the non domestic rates valuation. Businesses within the proposed BID area must vote in favour before the BID can be established. The interests of both large and small businesses are protected through a voting system that requires a majority in the numerical votes cast and the rateable value of votes cast. BIDs have a maximum current duration of 5 years, and will either be dissolved at the end of its term or go back to a vote to be renewed by a further ballot of all eligible businesses.
Before agreeing to fund the additional investment the businesses within the proposed BID area will determine the issues and decide how their money will be spent and how much they are prepared to pay. The BID Development Company will draft a proposal that will include performance guarantees, definition of a management structure and a delivery mechanism. All services delivered by a BID are additional to existing local authority service provision.
| Key Points | |
| 1 | A BID provides sustainable funding for an agreed period of time. |
| 2 | A BID allows the private sector to work with partners to deliver a wide variety of projects and services. |
| 3 | A BID gives business a strong local voice. |
Contacts
- Aberdeen BID
Business Hub 10
Marischal College
Broad Street
Aberdeen
AB10 1AB
Phone: 01224 523361
Fax: 01224 523315
Email: info@aberdeenbid.org - Heather Farquhar
Interim Project Director
Email: heather.farquhar@aberdeenbid.org