Business Improvement District (BID) Levy’

A Business Improvement District (BID) Levy is payable by ratepayers, in addition to the Business Rates, if they operate a property of a certain type that falls with a BID area. The Council collect this Levy on behalf of an independent company running a programme of additional services over and above that provided by the public sector.

A BID can only operate if the majority of the businesses affected vote in favour of one being put in place.

The first BID to operate in Nottingham covers properties used for leisure and entertainment located in the centre of Nottingham. More information on this BID can be found at www.nottinghambid.co.uk or by phoning 078520999335.

A BID will last for 5 years and will be billed each year and is payable in one payment.