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West St Helens Street How have the projects in this business plan been chosen? The projects in the BID Business Plan are based on ideas put forward by businesses through the various questionnaires, surveys and meetings we have carried out.
The most popular ideas have been costed and included in this document. Just like a political election, there is no minimum turnout required. As a result, Abingdon will quickly fall behind other nearby centres, especially those with established BIDs, shopping centres or retail parks, where this type of activity is paid for through a service charge paid for by all businesses.
Much like a general election, there is no minimum turnout for a BID. Who has to pay BID levy? Property landlords are only liable if the property is empty and a lease does not exist.
Are there any exemptions on BID levy?
They will receive the same percentage reduction they get on their business rates. High Street charities, such as second hand clothes shops will have to pay the full BID levy as they are retailers and will benefit directly from an improved trading environment.
What will the BID cost me? The amount you pay will be based Theme parks value chain your individual business rateable value and so smaller businesses pay less than larger businesses.
Find out more on page 20 or email michelle abingdonbid. We will use the listings, which came into force on 1st April You can check these listings and your rateable value on www. No, BIDs cannot replace existing public services already provided by bodies such as the council, police and others.
In this way, the BID only improves current standards and does not subsidise or replace them. What about council services? Who will run the BID?
BIDs are operated as not-for-profit organisations that are led by business people and made up of key business and other representatives in the BID area.
It is likely this will be formed from the members of the current BID Executive Team page 23 and if you are keen to be part of this, email michelle abingdonbid. A BID delivers brand new projects that no one else has or will deliver. BID income cannot be used to pay for services that are already being provided.
What period would the BID cover? What benefits do BIDs bring to everyone? Experience across the country has shown that BIDs have resulted in the following key benefits: What benefits do BIDs bring to specific businesses?
Nationals and chain stores The BID programme will invest a significant annual sum in marketing and events to restore loyalty to Abingdon and reach out to new, regional audiences. All plans are designed to drive footfall and sales.
Without continued investment, the outlook for Abingdon will be even more challenging in these tough times, but through the work of the BID, nationals and chain stores can sustain and boost their customer sales. For most small businesses the annual BID levy will cost less than the price of a single full-page magazine advert in a local newspaper.
Independent businesses can expect high quality marketing of specialist retailers, strong communication with the BID Steering Group, a strong voice as part of Abingdon BID and access to subsidised offers on a variety of products and services.
Professional sector Abingdon is home to a vibrant professional services sector and Abingdon BID aims to support this sector through delivering office based businesses initiatives to reduce overheads and drive down costs.
We will also help you grow your client base through local networking. We are also committed to promoting our food, drink and leisure offers through our marketing proposals. We are committed to better showcase and promote Abingdon food and drink businesses.
Tourism businesses Whilst tourism numbers are growing year on year, the need for tourism visitors is increasing, in particular to compensate for a downturn in regular consumer spending in the town.
Importantly, Abingdon BID has also recognised the wider need to promote the town to a regional and national tourism audience.
This is best addressed in a properly coordinated and joint fashion and the Abingdon BID would help to coordinate marketing efforts with Visit Abingdon and more. Tourism businesses can therefore be reassured that Abingdon will continue to attract visitors from close to home and further afield through the above channels, as well as through major events.
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