Nottingham Business Improvement District (BID) was formed in 2012 following the merger of the city’s retail and leisure BIDs. It was then successfully renewed for a second term in July 2015, when 89% of the businesses that voted, did so in favour of the BID continuing. 94% voted in favour by rateable value. The overall turnout at the ballot was 45%.
A Business Improvement District (BID) is an organisation which delivers a range of projects and activities in consultation with businesses within a defined geographic area. Businesses within that area vote, via a ballot, on whether they want a BID. Assuming that a BID receives a majority vote at ballot, the businesses within the area then pay a levy based on their rateable value, with that money spent on services that they believe will benefit their business and the area. BIDs are not for profit organisations.
A BID company has a maximum term of five years before businesses are balloted again to ask if they would like the BID to continue.
Nottingham BID is one of the largest BIDs in the country with over 800 members and an annual income of over £1 million per year. Its members are businesses and organisations in the retail, leisure, office and education sectors within a defined area of Nottingham city centre – the BID Zone.
Nottingham BID’s aim is to put Nottingham firmly on the map as a regional and national city of choice for shopping, leisure, work and study, building on what it achieved in its first term. This will be achieved by delivering a range of initiatives which are driven and shaped by BID members.
It’s in Nottingham is the brand used by Nottingham BID to promote the city to consumers. This includes delivering campaigns and events throughout the year as well as having a dedicated website and social media accounts.
The operation and management of Nottingham BID is overseen by a Board of Directors. The composition of the Board reflects the BID’s membership with Directors drawn from the retail, leisure, office and education sectors.
Nottingham BID has a designated BID Manager and operational team who report to the Board.
Businesses within the area shown on the map below with a rateable value of £25,000, are automatically made members of Nottingham BID. Members benefit from the services and campaigns outlined in the ‘What We Deliver’ section of this website, they are also eligible to vote at the ballot, which takes place every five years. At the ballot they are able to decide whether or not they wish for the BID to continue. These businesses are also given the opportunity to help shape what Nottingham BID delivers according to what is of most benefit to them.
The BID levy in 2019 was calculated at 1.39% of the rateable value of the business premises. Businesses within Managed Centre and Charitable organisations pay 60% of this amount. The BID levy percentage increases 3% annually.
Businesses who are not automatically members of the BID can opt in to benefit from the services and campaigns the BID provides by becoming an Affiliate of the BID.
Nottingham BID has extended many of the benefits enjoyed by its members to other businesses in the city centre by creating an Affiliate scheme. This is available to businesses whose premises fall outside the BID zone but are still within the city centre, as well as to those that are in the BID zone but whose rateable value is below the threshold for automatic membership and payment of the BID levy (currently £25,000).
As an Affiliate of the BID, businesses will be afforded the same advantages and opportunities available to existing members, with the exception of an opportunity to vote at ballot. This way, business can still participate with the BID and help to shape an even brighter future for our city in a non voting capacity.
Businesses located outside the area, or inside the BID area and below the minimum rateable value of £25,000, can become an Affiliate of the BID for an annual cost. In 2019 this was calculated as 1.37% of rateable value with a minimum cost of £342.50 plus VAT, which is the minimum price a business would pay if they were automatically a member of the BID.