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.
A Business Improvement District is a defined area in which a levy is charged on all business rate payers in addition to the business rates bill. This levy is used to develop projects which will benefit businesses in the local area.
There is no limit on what projects or services can be provided through a Business Improvement District. The only requirement is that it should be something that is in addition to services provided by local authorities. Improvements may include, but are not limited to, extra safety/security, cleansing and environmental measures.
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, Eastleigh Pride 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.
Eastleigh BID renewal for 2019-2024
Eastleigh BID is going to ballot for renewal on September 27th.
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.”
Quotes from our ballot in 2019:
Dylan Chandler, Store Manager of Marks & Spencers and Chair of the BID, said ‘This is an outstanding vote of confidence that strongly demonstrates the importance of the BID to Eastleigh. It furthers our determination to build on our many achievements so far and aim for even greater success in the future. Feedback from our members has influenced our business plan proposal for the next five years and it’s really heartening to see that they have now voted to support it.’
Teresa Swann BID Manager added: ‘We are grateful to the businesses who came out in such numbers and showed their support for the continuation of the BID. This record-breaking support for the BID’s renewal will help us become an even stronger voice for the town’s businesses. This is an exciting time for Eastleigh and the future of the town is looking bright. We look forward to continuing to represent businesses through the next 5 years.’