As you may be aware, following changes in Nottingham BID’s 2021-2025 Business Plan, the threshold has increased from all properties with a rateable value of £25,000 to all properties with a rateable value of £35,000 or more, as from 1 April 2021.
Whilst this unfortunately means that your business is now below the threshold - meaning you are no longer liable to pay the levy and will no longer be part of Nottingham BID - we still value your business and the crucial role it plays in our city.
As such, we are delighted to be able to provide the opportunity for you to still receive all of the benefits of Nottingham BID through our 'Friend of Nottingham BID' scheme.
Businesses located outside the BID Area, or inside the BID Area and below the minimum rateable value of £35,000, can become a Friend of Nottingham BID for an annual cost of £352.50 plus VAT. This is based on the minimum threshold of £25,000 from the 2020 BID levy.
This will ensure you receive access to services such as grot spot cleansing, the digital radio scheme and the opportunity to promote your businesses via our It’s in Nottingham platforms, take part in events and still receive free training and advice where required.
The Nottingham BID is the force behind a number of successful initiatives such as Light Night, Halloween Trail, The Big Lunch, Cask Ale Trails, The Magnificent Spiegeltent, Defibrillator and Medical Kit Training, Best Bar None and The Nottingham Wise Owl Walk – all of which have helped to create a vibrant range of experiences for the local community and beyond.
Click here to find out more about the projects we plan to deliver over the course of the year.
Sign up to become a Friend of Nottingham BID here.
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