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Business Improvement Districts Wales

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Funding to help town centre businesses work together to boost their local economy is now open for applications.
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We have launched a new £270,000 programme to support the development of further Business Improvement Districts in Wales.

Given the success of the previous Business Improvement District (BID) programme, additional funding is now available to support another round of developing BIDs. 

BIDs bring together businesses and other stakeholders in a defined geographical area, so they can develop projects and activities which drive economic regeneration. 

The businesses within the BID area vote on whether they pay an additional levy to fund activities and projects outlined in their Business Plan. If they vote ‘yes’, a new BID is created to deliver those agreed projects. A BID term runs for up to five years, after which a ‘Renewal Ballot’ is held.  

The £270,000 fund will provide grant support to local authorities working in partnership with the business community to:

  • explore the feasibility of a BID
  • take the BID Proposal to ballot (if feasible)
  • support post ballot implementation. 

There are currently 12 BIDs in Wales and we are encouraging applications for themed BIDs such as Tourism and Industrial BIDs, in addition to the tradition Town Centre BIDs.

The application window is now open and the deadline is 17:00 Friday 20 July 2018.