Why do businesses support BIDs?
- Return on investment
- A better operating environment for business
- A focus on increasing footfall and dwell time, providing more customers for local businesses
- More effectively managed and more sustainable
- Promoting destination of choice for visitors, businesses and residents alike
- Effective engagement through a single voice with the wider community
A successful BID has to have 'buy-in' from the majority of those businesses who will finance it – both for a successful vote and also to ensure the partnership evolves in a positive environment.