What is a BID?
A Business Improvement District (BID) is a business-led and business funded body formed to deliver improvements in a defined area. Implemented in 2004, BID legislation requires businesses within an agreed area to pay a levy to fund improvements.
How is a BID set up?
Over half of the businesses from the defined area who vote, must vote in favour of forming a BID. In addition, the combined rateable value of the properties of the winning ‘yes’ voters must be more than 50% of the total rateable value of the properties of all the businesses that voted.
If successful, every business that meets the criteria automatically becomes a BID member and pays a levy each year, which is spent to deliver the aims of the BID business plan.
City of Wolverhampton Council are responsible for the issuing of BID bills and the collection of monies due from businesses in respect of BIDs within Wolverhampton.
The BID companies are responsible for the management of projects defined by the BID and the monies collected.
Please contact the BID companies at:
Wolverhampton BID Company Limited
176-178 Stafford Street
Tel: 01902 710903
c/o The Robin 2
20-28 Mount Pleasant
Tel: 07534 603662
Pay your BID levy
For any other enquiries, please fill out the webform at the bottom of the page
Can I opt out of the levy?
This is not possible as the BID levy is a legal requirement just like business rates and is treated as a statutory debt.
The legislation which relates to the BID levy:
- The Business Improvement Districts (England) Regulations 2004
- Non Domestic Rating (Collection and Enforcement) (Local Lists) Regulations 1989.
Contact BID Levy
You can send an email to our BID Levy team by filling out the webform below.
You can also find our telephone number on our Contact Us page by clicking on the 'Contact us by telephone' dropdown.