bracknell business improvement district (bid)
Quarter Derby
Businesses in the Southern and Western areas of Bracknell voted in favour of
plans to set up a Business Improvement District (BID) to run from 1st April 2020
– 31st March 2025. The positive ballot result follows 18 months of planning,
in-depth interviews, surveys and workshops and a month-long ballot in which
businesses in the area were asked to vote on the proposals. 63% of votes cast
voted in favour of the BID by total number of businesses, and 88% of votes cast
voted in favour of the BID by Rateable Value. As a result of the yes vote, the
Bracknell Business Improvement District (BID) started on 1st April 2020.
Businesses with a rateable value of £12,001 or above will pay a levy based upon
their rateable value, creating a collective fund of more than £3 million to
spend over the next five years. The plans were driven by a steering group of
business representatives from across the area, who have now formed the Bracknell
Investment Group Ltd. This is the company that will manage the BID. Bracknell
BID is governed by a board of directors of the Bracknell Investment Group. The
BID Board consists of representatives from all sectors within the BID area to
ensure balanced representation. Directors are volunteers from businesses and
partner organisations who give up their time for free. They are supported by
Partnerships for Better Business Ltd, who develop and deliver Business
Improvement Districts across the country.
