How is Lincoln BIG funded?
Funding to deliver the services is from a variety of sources: • A BID levy, equivalent to 1% of rateable value, which is paid by all except very small businesses in the BID. • A number of leading investor members such as major landowners who help to fund our activities and have some say in what we do through an investor membership Scheme. • Income generated through our own trading activities such as security and events. • Service agreements with the local authorities and others to deliver initiatives to improve the city centre. • Grants and other funding. About one third of our revenue comes from the BID levy, one third from trading and investor membership and one third from the grants and services income that we obtain from a range of agencies to improve the city centre.
