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    FAQs


FREQUENTLY ASKED QUESTIONS

Please find below a list of frequently asked questions in relation to the North Notts BID. If you have any further queries then please contact the BID team who will be happy to help.

What is the North Notts BID

The North Notts BID is a non-local authority body and will be responsible for providing the Business Improvement District services across Bassetlaw. It is run for local businesses by local businesses and is 100% business managed and controlled.

Who has funded the BID development?

North Notts Community Interest Company (CIC), in partnership with Bassetlaw District Council, has funded the BID project development.

How have the projects in this business plan been chosen?

The projects in the business plan are based entirely on ideas put forward by businesses in North Nottinghamshire through various surveys and meetings.

How will the BID be evaluated?

At the start of the BID term (1 September 2017) we will obtain accurate local data on footfall, car parks, dwell time, vacant business premises, crime statistics, media coverage, employee and business networking. By gathering and benchmarking data at the start of the BID term, we will be able to demonstrate the effectiveness of the North Notts BID to all businesses.

Based on local data and other key BID performance targets/activities, the North Notts BID will also establish a set of key performance indicators (KPIs) against which the performance of the BID will be monitored and evaluated ongoing. We will invite all BID businesses to feed into the creation of the KPIs at the start of the BID term. The KPIs will ensure the North Notts BID is accountable to all levy payers and that its performance is regularly monitored in a structured way by the North Notts BID Board.

The BID management will issue regular updates (minimum quarterly) that reference performance against the KPIs, so all levy payers can keep up to date on BID activities and progress. Performance figures against the KPIs will also be published to the BID website and evaluated by the BID Board on a quarterly basis. They will also be discussed at the BID AGM to which all levy payers will be invited.

What happened at the ballot?

Just like a political election there is no minimum turnout required during the 28 day postal ballot. If a majority of businesses (both in terms of total number and overall rateable value) vote ‘yes’ the area will achieve ‘Business Improvement District’ status and join the 250 established BIDs across the UK.

All eligible businesses (with a business rateable value of £12,000 and above) will be required to contribute to the BID, even if a business voted ‘no’.

The money collected will be ring-fenced and managed by a new BID Board, made up of business representatives across the district, for sole use by the BID to deliver the projects set out in the BID business plan. Board nominations will be open following the ballot result.

Who has to pay BID levy?

Any person, registered company, charity or non-profit making organisation who is a business occupier or leaseholder of a business premises with a rateable value of £12,000 or above within the BID area would pay the levy, assuming that a ‘yes’ vote is achieved. This applies to both occupied and non-occupied business premises. Property landlords only become liable where the property is empty and a lease does not exist.

Are there any exemptions on BID levy?

Hospitals and hospices will be exempt from the BID. All business premises with a rateable value below £12,000 will not be eligible to vote at ballot or pay the BID levy.

What will the BID cost me?

The amount you pay will be 1% of your individual business rateable value (not your business rates).

Find out more on page 26 of the BID business plan or email the BID team for your own BID levy statement.

Which rateable value will be used to calculate my BID contribution?

The 2017 listings, which came into force on 1st April 2017. These figures, as well as the opportunity for you to check your rateable value, are available via www.voa.gov.uk

Isn’t this just a way for councils to save money?

No, legally BIDs cannot replace existing or proposed public services 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. In order to ensure this is the case all BIDs are legally required to draw up Baseline Services Agreements that set out the services the public sector currently provide and will deliver during the 5-year BID term; this ensures the BID is only delivering additional value to businesses. Copies of Baseline Services Agreements can be requested by emailing Michelle@regenmanagement.co.uk

Who will run the BID?

BIDs are operated as not-for-profit organisations which are led and managed by local business people and made up of business representatives in the BID area. Pending a ‘yes’ vote at ballot a new Limited by guarantee Company will be incorporated – ‘North Notts BID Ltd’. If you would like a place on the BID Board please email Michelle@regenmanagement.co.uk

What period will the BID cover?

The BID will cover a five year period between 1st September 2017 and 31 August 2022.

What benefits do BIDs bring to everyone?

Experience across the country has shown that the 250 established BIDs have resulted in the following key benefits:

  • Increased customer footfall
  • Boost in trade
  • A more buoyant local economy
  • Reduces individual business costs through joint projects
  • Physical improvements to the area involved
  • A united business voice on key issues
  • Businesses being more involved in community projects
  • A reduction in crime
  • Builds local pride in the area

What's in it for me?

BIDs across the country have proven that they increase customer numbers visiting town centres and attractions, help to grow business’ profits, give businesses like yours a greater voice and create a fair system of contribution towards key improvements and address the issues that matter to you from signage and security through to Wi-Fi.

Will the BID look for other sources of funding?

Yes. The BID will pursue other sources of funding and support including sponsorship, a voluntary BID membership and voluntary contributions from businesses, landlords, landowners and organisations that are not covered by the BID arrangements.

Who will I pay my BID levy to?

The BID is an independent organisation led and managed by local businesses. You will receive an invoice from Bassetlaw District Council on behalf of North Notts BID – they are responsible for the collection of BID levies as local authorities are the billing authority for all BIDs across the UK.

BID levy is ring-fenced in its entirety and transferred directly to the BID Company. The BID levy is payable in one annual instalment.

Will the council and other public sector bodies pay the BID levy?

Yes both the District and County Councils will pay BID levy on properties / car parks / premises within the BID area for which they are liable to pay non-domestic rates.

Can BID projects be altered?

BID projects, costs and timescales can be altered, subject to approval from the BID Company’s Board, providing they fall within the resources available. In this way the BID can be responsive and flexible.

Will my levy change?

No, the BID levy will remain the same throughout the five year BID term, September 2017 – August 2022.

It will not increase in line with inflation.

BID levy will be invoiced on an annual basis and will be payable in one annual instalment.

BID levy is calculated using the 2017 rateable values.

Any changes in rateable values during the BID term will be reflected in the invoice for BID levy the following year.

When a business vacates a business premises part way through the billing year no refund will be given.

Where a new assessment is brought into the rating list, for example a newly erected property or a property resulting from a split or merger, the BID levy will apply from the effective date as shown in the rating list. The annual levy will be apportioned on a daily basis as applicable.

Have BIDs worked elsewhere?

Yes, there are 250 established and highly successful BIDs operating across the UK. 95% of BIDs are re-elected by businesses after their first 5-year term which demonstrates their value to local businesses.

CONTACT US

If you would like to know more about the UK’s first ever area-wide BID, for information about joining us as a voluntary member or for any other enquiries please do feel free to contact us:

Email:

info@northnottsbid.co.uk

Call our team

01777 861601

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