Business Improvement Districts

A Business Improvement District (BID) is a partnership between a local authority and the local business community to develop projects and services that will benefit the trading environment within the boundary of a clearly defined commercial area. BIDs are developed, managed and paid for by the business sector through an additional levy calculated on the non-domestic rates valuation. Businesses within the proposed BID area must vote in favour before the BID can be established. Aberdeenshire Council recognises BIDs as being a strong local partnership with a sustainable funding model that can be used to assist economic growth. BIDs enable collaboration between the Council, the Business Community, Community Groups and our 3rd Sector Partners to work in partnership, to achieve shared aims and objectives.

Business Improvement Districts can be:

• Within the business community of the town centre
• Transformed from a Development Trust
• Industrial Estate Specific
• Themed
• Tourism related

Aberdeenshire Council would look at supporting a BID area with an annual levy of over £65,000. Should one of the above business areas be interested in finding out more information on BID areas please contact:

Audrey Michie
Aberdeenshire Strategic Town Centres Executive
Economic Development
Gordon House
Blackhall Rd
Inverurie
AB51 3WA
07826535197

For further information: www.bids-Scotland.com

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