About

Click the links to find out in more detail what the Southside BID is, where the boundary is and when the timeframes are.

What is a Business Improvement District?

• A defined area within which the local business community work together to collectively invest in projects and services to improve the business environment
• An independent business-led ‘not for profit’ company committed to delivering services additional to those provided by public authorities
• A fair and transparent ‘levy’ on all eligible occupiers within the BID area, complemented by additional voluntary contributions from other stakeholders including property owners and developers
• A ballot with a majority ‘YES’ vote required, both by number and rateable value, for the BID to be implemented
• A five year initial term, after which a renewal ballot becomes necessary

 Why should I pay more?

Although your business rates are collected by the City Council, it is Central Government that receives the proceeds. You have no control over how this money is allocated and spent. The relatively small additional BID levy you would pay will be 100% reinvested in the Southside area by your BID Company.

What happens next?

After a successful ballot where 82% of businesses voting voted for the BID to progress, the BID company is due to be up and running on the 1st April 2011 where it can bring positive change to Southside!

Where can I find out more?

See the download page for details of our newsletters and the BID proposal document.  We can also be reached on 616 2370.