Clackmannanshire Champions Businesses
What is the role of BID and how does it help my business?
A Business Improvement District (BID) is about businesses working together and investing collectively in local improvements in addition to those delivered by the statutory authorities, which will be of benefit to the business involved whilst contributing to the sustainable economic growth of the local economy.
By working together businesses can reduce costs, share risks and create new platforms for growth.
A BID is not a substitute for central or local government investment but an additional investment to strengthen the local economy and give local businesses a unified voice, helping to provide an arena for businesses and local authorities to increase the level of understanding for each other’s priorities.
A BID can last for no more than five years. After the term, the BID either ceases to exist or will seek a new mandate from its members.
BIDs have become very popular throughout the United Kingdom with more than one hundred in existence. The business community has realised that in order to succeed and prosper it needs to take control of its own destiny through investment in the area in which they are located.
Clacksfirst BIDs core funding comes by way of a levy contribution paid by the occupiers, tenants and proprietors of the properties within the BID area.
The levy contribution is aligned with the Rateable Value of each individual property within the BID area.
The Clacksfirst BID Levy contribution is calculated as follows:
Occupier 1.5% of the property rateable value
Proprietor 1.0% of the property rateable value
Owner & Occupier 2.5% of the property rateable value
Members make a levy contribution on properties with a Rateable Value of between £2,000 and £1,000,000. Properties with a Rateable Value outwith these values do not make a contribution and will not be eligible to vote in a BID ballot.
The BID Board of Directors








