ULVERSTON BID SEEKS NEW BOARD MEMBERS
Ulverston Business Improvement District is seeking business people from the town who are willing to join the board and help decide how to spend almost £100,000 raised each year from the BID levy. There are currently three vacancies on the board one each for: Large Business, Retail, Schools and Charities please get in touch if you wish to join the board.
WHAT IS A BID?
A business improvement district (BID) is a defined area, whose businesses pay an additional amount (or levy) on top of their business rates, which is used to fund projects within the district’s boundaries. BIDs can also draw on other public and private funding streams.
BIDs can also provide a range of additional services to the town enhancing the local and business community meeting the objectives as defined in the Business Plan. These are services that are in addition to what the local councils provide.
There are more than a 200 business improvement districts (BIDs) in the UK, and Ulverston BID was first established in April 2015, after a vote among businesses in the BID zone, and again There will be an opportunity to vote in 2020 where another 5 years of improvement can begin.