The Burnley town centre Business Improvement District (BID) is a defined geographical area in Burnley town centre. Within this area, businesses will have the opportunity to vote to collectively invest in, and enhance Burnley town centre as a trading environment.
- Increased footfall
What is the BID for?
Who decides that a BID is required?
Businesses and organisations in the Burnley town centre BID area who have a rateable value over £12,000.
The proposal for a BID in Burnley town centre has been developed by the Burnley BID team, a private sector led group of business including representation from key sectors.
How much will I pay?
The levy for the proposed Burnley BID is equivalent to 1.5% of rateable value. For the average business this cost will be just £1.93/day, less than a cup of coffee. This combined investment will deliver a £1million investment for the town centre between 2020 and 2025.
What do I pay my business rates for?
Business Rates are a statutory local tax levied to fund expenditure by local and national government. Businesses have no direct control over how these funds are spent, and there is no direct linkage between the businesses rates your company pays and quality or quantity of the services Burnley council provides to local residents and business communities.
The BID levy that will be collected is separate your business rates, and will only be invested in additional specific projects and services to improve Burnley Town centre. These additional services will be governed and directed by the private sector led Burnley BID Team, in consultation with all businesses in the BID area.
Why will Burnley Council be collecting the BID levy?
What happens to the BID levy when it is collected by the Council?
Funds collected by the Council will be paid directly to the BID. These funds are then invested in projects and services as decided by the business of Burnley town centre, in line with the BID proposal document.
Can I pay by instalments?
Why is the levy not collected with rates?
Who should I contact if I want to discuss the BID in more detail?
The Burnley BID Team are working with Groundwork, one of the UKs leading BID development organisations. Groundwork have been involved in BIDs across the Northwest since 2005 and are your first point of contact with any questions.
Greville Kelly (Director) or Jane Hough (BID Programmes Manager)