So, what is a Business Improvement District?
A Business Improvement District (BID) is an active, business-led partnership that works with the council to define quality services and standards throughout the Brackmills Industrial Estate, Northampton. A private-sector led Business Improvement District (BID) Company then “buys in” additional activities to supplement those already being provided. The improvements to the overall environment around the businesses can address a range of issues which impacts ultimately on the operation and profitability of all the businesses in the defined area. The “extras” can be whatever the businesses feel will add value to their business. There is a voting mechanism linked to the Business Improvement District (BID) to ensure that what is being proposed is commercially acceptable. If the majority of businesses that vote favour the Business Improvement District (BID) Company’s proposition then it becomes compulsory for every business in the area to pay a contribution towards the overall costs. All the
