What is BID?

What is a BID?

A Business Improvement District is a way for businesses in a defined area to decide what they need to deliver to help their business to thrive.  A Business Plan was written that included these suggestions and businesses within the BID area had a chance to vote for the plan. The majority vote was in favour for the plan to go ahead.

What is the Exeter BID Company and who is involved?

Exeter BID Company is a company Ltd. by guarantee with a Board of Directors drawn from the Exeter business community and a senior representative of Exeter City Council. The company’s initial remit was to explore the potential for a BID.

Once the BID vote was successful the previous directors of the company stood down to be replaced by representatives nominated and elected by and from the BID levy payers of Exeter. This new Board of Directors is responsible for  the implementation and governance of the BID throughout its lifetime. 

To view the current members of the Exeter BID Board, please click here.

The Exeter BID Area

The BID area for Exeter City Centre has been decided following considerable consultation undertaken by the BID team. The area is focused on the core area of the City Centre and almost matches the boundary of the old city wall. It is small enough that it will have a real impact on those businesses within the area, but is sufficiently large to generate enough  investment to make a real difference.

To view a map of the BID area, clck here.

The Exeter BID contains over 640 business addresses listed as having a rateable value of £7500 or above in the VOA's valuation, and an aggregated rateable value of over £48 million. The BID levy at 1% of the 2010 rateable value will generate in excess of £480,000 per annum totalling £2.4 million over 5 years.

Streets within the BID area include:

BAILEY STREET

BAMPFYLDE LANE

BAMPFYLDE STREET

BEDFORD STREET

CASTLE STREET

CATHEDRAL CLOSE

CATHEDRAL YARD

CATHERINE STREET

CHEEKE STREET

COOMBE STREET

DEANERY PLACE

DIXS FIELD

EASTGATE

FORE STREET

GANDY STREET

GATER LANE

GEORGE STREET

GOLDSMITH STREET

GUILDHALL SHOPPING CENTRE

GUINEA STREET

HIGH STREET

JOHN STREET

LITTLE CASTLE STREET

LITTLE QUEEN STREET

MARKET STREET

MARTINS LANE

MARY ARCHES STREET

MITRE LANE

MUSGRAVE ROW

NEW BRIDGE STREET

NORTH STREET

NORTHERNHAY PLACE

PALACE GATE

PARIS STREET

PAUL STREET

PRINCESSHAY

QUEEN STREET

ROMAN GATE

ROMAN PASSAGE, HIGH STREET

ROMAN WALK

SIDWELL STREET

SOUTH STREET

UPPER PAUL STREET

WATERBEER STREET

   

Twitter: Exeter_BID

Email: Info@exeterbid.co.uk

Website: www.exeterbid.co.uk

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