Clacksfirst Business Improvement District operates within a defined geographical area, where business ratepayers have voted to invest collectively in local improvements that are in addition to those already delivered by local statutory bodies.
The BID board’s purpose is to oversee the strategic direction of the Business Improvement District, ensuring projects outlined in the Business Plan are delivered within budget to meet the needs of the BID levy paying businesses and making certain the BID performs its role effectively and fairly.
Responsibilities of the BID Board:
- To ensure the BID company meets all its financial, legal and employment responsibilities
- To ensure that BID levies are collected as set out in the Business Plan
- To ensure that the projects in the Clacksfirst BID Business Plan are delivered effectively
- To monitor progress and report regularly to levy payers, voluntary contributors and other stakeholders
- To seek additional funding from stakeholders outside the BID area, those within the BID area but above/below the BID levy threshold and from other grant-making and/or sponsorship providers to enable the BID to fulfil its funding promises
- To elect a Chairperson and other officers from among their number
- To manage the renewal ballot at the end of each term
Board Members do not receive any remuneration. However, if they are requested to undertake activities on behalf of the BID that may incur a cost then this will be agreed in advance and the costs covered by the BID.
If you are a BID levy-paying business and would be interested in joining the Board of Directors, please contact kevin@clacksfirst.co.uk