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 who 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.
How we are funded
Eastleigh BID levy is charged on all properties or hereditaments* located within the Eastleigh BID area that have a rateable value of £5,000 or over. For the 2021 / 2022 tax year the rate is a 1.545% levy fee. There is no upper cap. All have to pay including charitable organisations as they benefit from being in the town centre that we serve. The levy is charged annually at the start of the tax year in one bill.
This allows us the opportunity to represent our levy payers in adding value and making a difference.
The BID levy is a mandatory charge, enforceable in the same way as non-domestic rates, following a successful ballot. There are no exemptions or discounts to the levy for charitable status, mandatory rate relief or businesses paying other service charges.
All premises with a rateable value of less than £5,000 within the BID area will be exempt from paying the levy and therefore will not be eligible to vote in the ballot. The levy is due on 1st April each year and will be payable in full in one single instalment.
There will be no refund if the BID levy payer vacates the premises during the year, therefore steps should be taken to apportion liability with incoming tenants, landlords or freeholders. Where new properties come into the ratings list, or mergers or splits occur, the hereditament or premises, will be charged as per the current ratings list at that time. Where a property is empty, the levy liability will transfer to the eligible ratepayer which may be the property owner.
*Rateable hereditaments can include land and buildings constructed on land, machinery, plant, and chattels e.g.car parks and cash points.
The current BID term commenced on 1st April 2019 after a ballot of town centre businesses voted overwhelmingly in favour for the BID to continue for a further 5 years before being voted for again.
The BID 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 and will be used on a wide range of initiatives including marketing and promotion for activities such as the Unwrapped Festival, The Beach and Funday Fridays, The LoyalFree app and funding to other events. To add to this the town centre rangers, provide a vital link between businesses, organisations and the public together. Other initiatives include car parking promotion and incentives, to make Eastleigh more attractive. Pop-up shops providing ‘easy in, easy out’ access for businesses in the future will also be encouraged, there is a cardboard collection 3 times a week for recycling and grants have been available on a first come first served basis, to attract new businesses and help existing businesses improve.
Eastleigh BID Area Map
Eastleigh BID is renewed for 2019-2024
Included in the Benefits of Eastleigh BID are:
- 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
Quotes from our ballot in 2019 include:
Dylan Chandler, Store Manager of Marks & Spencer’s and Chair of the BID – ‘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’.
Jean Robert Jones, Chief Executive Officer of One Community and previous Chair of the BID – ‘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 – ‘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.