Broadmead BID
What is a BID?
A Business Improvement District (BID) enables businesses to join together in funding projects that address specific common problems. BIDs are fair in that if the ballot is in favour, then every business has to pay a levy. All businesses that benefit from the improved services contribute to the cost.
To find out more about BIDs please click here.
Broadmead BID 1
The first Broadmead BID (BID 1), which ran from October 2005 - September 2008 exceeded all expectations, unlocking major voluntary contributions from many organisations. Investment was approximately £1million raised from retailers through the BID levy, matched with an additional £10million from the Bristol Alliance, The Galleries, Bristol City Council, the South West of England Regional Development Agency and other property owners.
BID 1 allowed us to sweep away dated clutter in Broadmead streets, refreshing them with:
- new store location signage
- new paving
- new seating
- bollards, bins, bicycle racks
- improved wall mounted lighting
- landscaping
- shop front improvements
If you wish to view any of the documents relating to BID 1 - e.g. the business plan or the prospectus - please email us.
We were delighted that on completion of BID 1, Broadmead retailers once again voted Yes to Broadmead BID 2 in October 2008. For more details about BID 2, please click here.
