Southport Business Improvement District (BID) is an independent organisation that represents more than 950 businesses in Southport Town Centre. Its main focus is to support and improve the economic vitality by investing monies, raised from a levy, into a programme of events, environmental improvements and crime reduction initiatives.
Southport BID began its third year in November 2016 having come into existence in November 2014 following a successful ballot. Its first term will last 5 years until October 2019.
Our objectives are laid out in our Manifesto.
What is a BID?
BIDs have been operating across the country for over 10 years . They are business led and funded bodies formed to make improvements in defined commercial areas. For more information on British BIDs click here
In January 2004, the Government brought BIDs to the UK. Over a decade later, they’re widely credited for reversing the decline of the British high street.
Over 185 BIDs have now been established in the UK and all have a common objective – to increase footfall, increase business performance and improve profits.
Funded primarily by the businesses within the BID area, every business involved benefits equally, with smaller businesses paying less, larger businesses paying more but everyone contributing the same small percentage.
From these many contributions a significant fund is built up, which has the power to make a real difference to the things that matter to you, the levy payers.
BIDs last three or five years and their success lies in their renewal rate; of the 87 that have come up for renewal, 78 have been voted in for a second term, usually with an increased turnout and majority