Businesses in Nottingham city centre are developing a unique Business Improvement District (BID) in the city – delivering an extra £2m of investment to the city over the next five years.

A Business Improvement District (BID) is a partnership between local businesses and the local authority to develop a defined geographical area in which local businesses have voted to invest collectively in local improvements to enhance their trading environment.

LOCAL GOVERNMENT ACT 2003
Business Improvement Districts (England) Regulations 2004

Business Improvement District for Nottingham City Bid Declaration of Result - 1/11/2007

BIDs are financed by the commercial sector, through a levy, approved by a ballot. The BID proposals are voted on by all non-domestic rate payers who will be responsible for paying the BID levy. Some larger businesses may have more than one vote.