The Checklist for Developing BIDs
British BIDs offers invaluable support to locations which are thinking about or have started work towards developing a BID.
The development process includes the following distinct stages:
The Background to BIDs:
What is a BID? What is the history of BIDs? What is the justification for launching a BID in your location?
British BIDs offers:
o 'Developing BIDs' Workshops
o Case studies of successful BIDs
o The global context
o The legislative background
The Feasibility Stage:
There has to be a demonstrable need for a BID and that need has to be endorsed by the business community. Engagement with businesses is crucial.
British BIDs offers:
o Voter contacts database to ensure that you are talking to the right person at Head Office level
o Case studies and successful sample projects from other leading BIDs
The Planning Stage:
Wider consultation will be needed to finalise your BID Proposal. The BID database must be comprehensive and up-to-date. Budgeting must be completed. Work with your Local Authority on ratings lists, ballot arrangements and Operating and Baseline Agreements must all be completed.
British BIDs offers:
o A Supplier Register to put you in contact with established BID service delivery companies
o A complete schedule of all other formal and developing BIDs, together with relevant ballot dates
The Campaign Stage:
Once the BID proposal is finalised, it is all about winning votes. There are strict rules which govern ballots including notifications to the Secretary of State, publications of the Notice of Ballot and the issuing of ballot papers.
British BIDs offers:
o ‘Ask Bb’ for technical support
o The Annual Conference is the ideal opportunity to network with major stakeholders
o A Document Centre with all of the information that you will require
The Establishment Stage:
Once the ballot is over and the BID start date is looming, setting up of the operation becomes the primary function. Every BID should ensure that the most appropriate procedures and governance is in place.
British BIDs offers:
o Free advertising of any newly created jobs within the BID
o A Group Personal and Stakeholder Pension Plan facility
o On-going support and training facilities
British BIDs offers discounted membership rates for ‘Developing BIDs’ and differentiates between large and small BIDs to offer cost-effective membership fees