For businesses not familiar with the concept of BIDs, BID is an acronym for Business Improvement District
BIDs first started in Canada over 40 years ago in a small town called Bloor West Village near Toronto. Businesses were struggling to cope with competition from a new out-of-town shopping centre, which resulted in many business insolvencies, empty shops and a neglected looking town centre. Businesses got together and devised a plan to revitalise the town and successfully lobbied for legislation for all businesses in the proposed BID area to pay a levy. The investment levy money was used to make physical improvements to the appearance of the town centre and to promote the town centre. The strategy paid off and the model has been successfully copied to create BID areas throughout the world. Over the past few years, the popularity of BIDs in the UK has grown at a phenomenal rate, with over 120 established BIDs in the UK. There are currently 17 operational BIDs in Scotland with a further 19 development BIDs and another 14 in the pipeline. This proves that BIDs really do work (particularly through a recession) as a tool for providing the trading environment, which businesses want for themselves, their staff, customers and clients. In 2015, Dunblane became a BID town and Discover Dunblane BID was born.
What advantages does a BID offer Dunblane?
Discover Dunblane delivers through partnerships and currently works with key stakeholders like Stirling Council, Dunblane Development Trust and other Community groups, Destination Stirling, and Police Scotland Forth Valley Division. These partnerships are key to taking forward projects that will support the business community.
BIDs operate on the basis of statutory contributions.This means that all eligible businesses in the Discover Dunblane BID area would contribute to the scheme after a majority of businesses have supported the BID in the ballot. This means that there is no “free-loading” – everyone benefits and everyone contributes.
The crucial benefit of our BID is that the goals and actions are set by the business members for the benefit of the local businesses and the broader community. Through consultation, a range of projects and services are agreed and then voted upon by all eligible businesses in the Dunblane BID area, with the investment spent locally, in local business for the local community over a 5 year period.
Download BID Scotland fact sheets:-
- “12 Key Questions Answered on Business Improvement Districts”
- “Town Centres and Local High Streets: Benefiting from Business Improvement Districts“
- “Independent Businesses: Benefiting from Business Improvement Districts”
The Scottish Retail Consortium has produced guidance for Business Improvement Districts (BID) to take into account when developing BID projects. You can view this guidance by clicking here.