Sheffield BID started in 2015. The business improvement district includes over 500 levy paying businesses within the inner ring road. As we approach the end of our five year term, under Government legislation, we are required by law to run a renewal ballot to continue to a second term (2020-2025).
We are now seeking your feedback and suggestions to assist us in preparing our second term business plan. This is your city centre and the survey is your chance to tell us what has worked in the first BID term, what hasn’t and what should be part of a second five year term.
Your ideas will inform a new five year plan to be published in the Autumn ahead of a ballot in April 2020, where you will have the chance to vote ‘yes’ or ‘no’ for the continuation of the BID from 1 August 2020 to 31 July 2025.
For the BID to proceed to a second term, there must be both a majority of businesses voting in favour by number and by rateable value.
Currently, business premises with a rateable value exceeding £40,000 pay a mandatory 1% levy. This generates approx. £800,000 each year which is used to deliver projects and services that are both beneficial to businesses and the BID area.
Within the existing business plan, projects and services are split into five areas:
Busier – a vibrant city centre that attracts more visitors
Easier – a city centre that is easier to access and navigate
Cleaner – a cleaner and more attractive city centre
Safer – a safer day and night time environment
Together – working collaboratively, in partnership
Help shape our next five-year business plan, ahead of our renewal ballot in April 2020
If your business occupies a commercial property with a rateable value of at least £40,000 you will be liable to pay the levy. Please complete our consultation survey to give us your views.
Survey closes 30 June 2019.
BID 2 Timetable
Consultation with a cross-section of levy paying businesses
Survey issued to all businesses who would be liable to pay the annual BID levy if occupying a property with a rateable value of £40,000 and above, within the boundary of the inner ring road at the time of the ballot
Closing date for all questionnaires – 30 June 2019
Analysis of your feedback/draft business plan issued to all levy payers in response to your views
Draft business plan issued. Businesses consulted
Final business plan published on 28 February 2020
BID Ballot papers issued on 31 March 2020 and voting starts (30-day postal ballot)
Close of postal ballot at 5pm on 30 April 2020 with result announced on 1 May 2020
If the vote is successful, a second term will commence on 1 August 2020 (The first term of Sheffield BID will end on 31 July 2020)