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Business Improvement Districts Wales

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10 partnerships will share over £260,000 of Welsh Government funding to explore establishing Business Improvement Districts (BIDs), to boost the local economy and to support regeneration efforts.
Funding to help town centre businesses work together to boost their local economy is now open for applications.

Business Improvement Districts 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 Business Improvement District (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 BID is created to deliver those agreed projects. The BID term is up to five years, after which a ‘Renewal Ballot’ is held.

There are currently 12 established BIDs in Wales, of which eight have received Welsh Government support. Given the success of the previous round of funding, a new programme was launched in April. The deadline for applications was 20 July and another 10 areas will receive £262k of grant support to explore the BID feasibility, the process through to ballot and BID set up. 

The successful areas are: 

  • Brecon 
  • Llangollen 
  • Newtown 
  • Barry 
  • Port Talbot 
  • Treorchy 
  • Aberdare 
  • Mold
  • Newport
  • Ebbw Vale

Both Newport and Ebbw Vale and Tredegar will have a sector based approach to their BID, focusing on ICT and digital businesses in Newport and Industrial Estates in Ebbw Vale and Tredegar. The programme will close 31 March 2020.