The BID levy is a charge for business rate payers based in the Business Improvement District area in the centre of the town. Business rate payers benefit from BID projects that focus on helping businesses grow by creating more footfall to the city by improving the appearance of the city centre, holding a variety of cultural events and promoting St Albans as a destination.
All non-domestic properties within the Business Improvement District area are required to pay the levy, any business with a rateable value below 10K will be exempt from the BID levy.
The Council, along with all public bodies, also pay on properties within the BID area that pay non-domestic rates.
The BID works in partnership with the local District Council to deliver a business-led service that focuses and improves on issues highlighted by the businesses in the BID area. To create business growth, development and enhance existing services.
All businesses within the Business Improvement District area pay the levy and benefit from the service.
St Albans City and District Council collects all levy payments on behalf of St Albans BID.
The BID levy money is spent on improvements needed in St Albans city centre identified by the levy payers with the aim to support the city and businesses. Improvements aim to create a safer and more attractive city centre which is then promoted on a local and national level. Cultural events such as food and drink festivals, Christmas Winter Wonderland, Gin & Jazz Festival, fringe markets, visitor and Christmas guides and TV commercials are just a few examples of how the levy money brings in more footfall to improve trade for local businesses. See more on how BID makes a difference, here.
The BID works with the local council to provide additional services and improve existing services such as offering cheaper waste management. It assists with keeping the city centre safer by part funding the initiative to provide a radio network for businesses that give direct access to the police and CCTV control room as well as Signposting and Wayfinding for visitors to easily discover St Albans’ key retail areas, local hotspots and visitor attractions.
Businesses receive their BID bill along with the business rates bill in March/April each year. All payment information is included on the bill.
If St Albans BID was not renewed and ceased to exist the City would stand to lose investment money over the 5-year term. There will be no collective voice or mechanism through which to shape or control the support businesses receive and they will be left to face the challenges and uncertainties of the future without a dedicated organisation working on their behalf.
The projects outlined in the BID Business Plan will no longer run including marketing and promotion of St Albans as a destination, additional markets, activities and festivals that drive footfall, Christmas Lights, street cleansing and flowers which support increased dwell time.
For any further questions or queries, contact St Albans BID:
Phone: 01727 251310
Please contact St Albans BID with any questions. The BID is appointed by a ballot process and supports and delivers benefits for St Albans city centre.