A Business Improvement District (BID) is a defined area where business ratepayers invest together in local improvements to boost trading conditions. A BID is business-led and business-managed and established through a ballot open to all businesses in the BID area.
During 2016/17 a group of local businesses and stakeholders formed a BID Steering Group to develop a Business Improvement District in Epsom. The Group had representation from businesses throughout Epsom proposed BID boundary and all businesses were consulted about a possible BID. The BID Steering Group are shown on pages 4-5 of the BID Business Plan available to view below.
In November 2017 the Electoral Reform Service conducted an independent 28-day postal ballot. All eligible businesses in the BID area received a copy of the five-year BID business plan together with a ballot paper and asked to vote ‘yes’ or ‘no’ to Epsom achieving BID status.
Of businesses that cast their vote 85% of businesses by number and 85% by rateable value voted in favour of the BID proposals. The successful Epsom BID ballot result was announced in December 2017.
Paying your BID levy
You can pay your BID levy in the same way that you pay your business rates, although there is only one instalment due on the 1st of April each year. Details of how to make payment can be found on the back of your BID levy Notice.
For all other queries please contact Michelle Baker at firstname.lastname@example.org or by telephone on 07527 016338.