A BID provides sustainable funding for an agreed period of time, allowing the private sector to work with partners within a flexible mechanism to deliver a wide variety of projects and services which will improve their business environment.

A BID:

• Is a clear and transparent mechanism


• Allows self management and self funding with no red tape or bureaucracy


• Gives competitive advantage


• Develops partnerships between the public and private sectors


• Ensures collective effort and drive towards achieving a shared vision


• Is flexible to address the issues of individual sectors


• Is fair to small businesses


• Can harness private sector management drive and skills


• Gives businesses a strong local voice

• Increased footfall


• Increased consumer spend and sales


• Reduced costs


• Reduced crime


• Enhanced maintenance and care


• More effective joint activity e.g. collective procurement and marketing


• Improvements to physical surroundings


• Helping attract and retain staff


• Attracting new investment


• Improved competitiveness against other locations.