Business Improvement District (BID)
A BID is a flexible funding mechanism to improve and manage a clearly defined commercial area.
It is based on the principle of an additional levy on all defined ratepayers following a majority vote.
Once the vote is successful, which must achieve both a majority in terms of the number of ratepayers and the proportion of their rateable value, the levy becomes mandatory on all defined ratepayers and is treated in the same way as the Business Rate, becoming a statutory debt.
Heart of Hitchin BID Monday 6 April 2009
Heart of Hitchin BID results (11kb) 
