Sheffield City Centre BID Ltd ("Sheffield BID") is the accountable delivery body for the city centre business improvement district
(BID)About the BID
Created by ballot in 2015, we contribute to the vibrancy of the commercial trading and working environment.
We support the events programme to drive footfall, dwell time and spend. We fund activities, events and ideas that bring people and trade opportunities to the city centre. We build a strong, collaborative business community.
The work of a BID is additional to the services provided by the local authority and other statutory bodies.
BIDs last for five years after which time a renewal ballot must take place.Renewal
In February 2021, eligible businesses (occupying properties with a rateable value of £40,000+) voted in favour of continuing the city centre BID from 1 April 2021 to 31 March 2026.
These businesses (BID levy payers) pay a mandatory 1% levy on the rateable value of their premises within the BID area.BID area
A list of streets within the BID area is available here
.BID levy payers
Our BID levy payers cover a diverse range of sectors including retail, office/professional, leisure/culture, education, night-time economy, food/restaurant and the public sector.
To date we have collectively invested over £4m into city centre animation, events, festivals, street cleaning, security initiatives and place marketing, and leveraged an additional £1m of match funding.
Our second term (2021-2026) will see a further £3m+ invested over a five-year programme.BID programmes
Our focus in this term covers four programmes:
- Vibrant - diverse events, festivals and culture
- Connected - bringing in people, bringing in business
- Maintained - welcoming, clean and safe
- Sustainable - building resilience and investment
In addition to the BID levy, the BID Company pursues the development of additional income streams to reinvest in the city centre BID area.BID legislation
You can read more about the legislation governing the creation of a BID on the Government's website, here