What is the BID
A formal ballot needs to take place for a BID to become established. More than 50% of those voting in the ballot have to approve the BID proposal. Additionally, the companies must represent at least 50% of the rate-able value of the businesses that have voted. All of the eligible companies within the BID area are responsible for payment of a BID levy once it’s established. More than 175 BIDs have been approved by companies across the UK since BIDs were introduced in 2004.
The West Chester Commercial BID was approved in 2017 and came to fruition in September that year. During this time, the BID has started to implement a range of improvement projects, including upgrading the image of Sealand and West Chester Employment Park, reducing crime in the area through the incorporation of bank holiday security services and providing a number of popular training courses for employees. Over the next few years of the BID a number of projects and services are planned to further enhance the trading enviroment.