What is a BID?
A Business Improvement District (BID) is an area in which businesses decide to make a collective contribution to providing improvements and services to enhance their trading environment.
BIDs charge a levy to businesses and in return they provide services and projects defined by businesses. All of the services provided by the BID are in addition to those services provided by Local Authorities and Police.BIDs can be a powerful tool for providing projects and services that businesses want to see delivered. They bring the business community to the forefront of positive change and improvements to their city environment. Wolverhampton BID is independent of the Council and is led by local businesses.
BID Levy & Rules
Finance & Budgets
Governance
The BID Zone
We represent over 600 City Centre businesses across a range of sectors including retail, entertainment, food & drink, office and commercial & service sectors.
BIDS are governed by legislation that makes sure they’re delivered in a fair and transparent way.
BIDs deliver projects and services that the businesses say are important to them.
BIDs in the UK provide over £131,200,000 funding to UK towns and cities.