Littlehampton Business Improvement District
FAQ's (Frequently Asked Questions)
What is a BID?
It is an arrangement under which local businesses plan how to improve their own business & trading environment. Businesses identify projects or services that will add value and agree on the level of funds which they will pay to make it happen. The duration of the deal is not more than five years.
Background to BIDs?
Originally from the USA & Canada, a pilot experiment testing the feasibility and mechanics of a BID in twenty-one different business locations in the UK has led to legislation.
Is it just another Tax?
No the money does not go to the Central Government or the Local Council. Funds are ONLY for the project(s) agreed and voted for & controlled by the participating businesses.
What sort of services will the BID levy cover?
Anything the businesses choose - it can be from creating a 'clean and safe' town centre, environment and recycling to attracting further investment.
Why should businesses get involved?
It enables them to have control over projects which directly affect the performance of their business. Those businesses who pay the BID levy have a voice and a vote.
If businesses already pay rates, why should they pay again?
The BID levy is a specific levy for projects identified and controlled by the businesses. It can provide ADDITIONAL improvements and benefits to services already provided by local authorities. It cannot SUBSIDISE or SUBSTITUTE the existing provision by public agencies.
Are the funds going into the pockets of the local authority?
No, the money may be collected by the local authority but it is set aside ONLY for projects identified by the BID. In addition, the BID will also seek a service level agreements from the local authority to ensure that businesses are getting value for money on existing services provided by them.
Is it only existing business rate payers who will contribute to BID?
No, contributions will be sought from other organisations and individuals such as commercial property owners/landlords who will benefit from an enhanced environment. More money could also be sought from Public Sector Agencies.
Is it the Tenants or the Property Owners that pay?
With the UK legislation it is whoever is liable for the Business Rates, usually the tenant.
What about businesses who vote against the BID Project & Plans?
The legislation requires that 51% of businesses who vote on the day must be in favour in numbers and in terms of rateable value, of the BID project & plans. If this is the case then the levy is mandatory on all in the BID area.
So that your voice is heard, why not get involved now? Please fill in the attached consultation sheet and post or drop it back to:-
Miriam Nicholls
Arun District Council
The Civic Centre
Maltravers Road
Littlehampton
West Sussex
BN17 5LF
