About the BID
We are a Business Improvement District (BID) that gives the businesses and organisations in Eastleigh Town Centre more control over their future.
What is a BID?
A Business Improvement District (BID) is a business-led not-for-profit organisation that is funded through a levy collected from businesses within a defined area.
With the money collected the BID then delivers additional services to the businesses within the BID area, making improvements to the town centre, benefiting those who pay into it as well as residents and visitors to live and visit Eastleigh. BIDs are created through a ballot process and there are currently more than 300 BIDs operating across the UK.
The beginning of Eastleigh BID:
A ballot of town centre businesses, in 2014, revealed that 79% of all those who voted are in favour of the BID progressing. For the BID to be successful a second trigger ‘majority by rate able value’ was also required and this was achieved with 89% of those who voted.
The BID commenced on the 1st April 2014 for a five year term and is financed through a BID levy on the rate able value of over 300 town centre businesses, the proceeds have been invested into the town centre and on additional projects that businesses have identified and as set out in the Eastleigh BID Business Plan.
The money has been used on a range of initiatives including more marketing and promotion activities such as our Medieval Festival, and funding to other events such as Chilli Festival and Eastleigh Mela Festival. To add to this the town centre rangers, which has provided a link between businesses, organisations and the public together with a car parking promotion and incentives, to make Eastleigh more attractive with cleaning too. Pop-up shops providing ‘easy in, easy out’ access for businesses will also be encouraged and grants have been available on a first come first served basis, to attract new businesses and help existing businesses improve.
Benefits of Eastleigh BID:
- An opportunity for businesses to make decisions about town centre improvements
- A stronger voice for businesses in discussions about the future of the town
- A robust vehicle for implementing projects and events
- 5-year funding stream and staff resourcing for projects that businesses want to run
- 3 dedicated Town Rangers acting as care takers of the town and a main support for businesses
Here is some quotes from when we were first voted in back in 2014:
Jean Robert Jones, Chief Executive of One Community and Chair of the BID, said ‘This a fantastic result for all involved and allows Eastleigh to improve still further over the next 5 years through the proposals detailed in our plan. I would like to thank all involved for their time and support in making a real difference to Eastleigh’s future.’
Teresa Swann BID Manager added “I am obviously delighted with the result and thank all the businesses I have been working with. . The real work starts now in delivering the new initiatives and the team aim to get started immediately in forming the new BID company and adding in the extra value to our town.”