Canterbury Business Improvement District
A vote was held in July 2019 to decide if the Canterbury Business Improvement District (BID) area should continue. The proposal was approved and the next BID scheme will run from October 2019 to October 2024.
We will issue bills to businesses in the BID area in October 2019 which are payable in one instalment.
What is a Business Improvement District?
A BID is a business-led, business-funded partnership which carries out improvements and provides services in a specific area. They are funded by the businesses that benefit from them and the money can only be spent within the BID area on initiatives that have been agreed in a formal business plan.
They can be developed in any business location that has rate payers, and can be proposed by any rate payer, property owner, local authority or other key stakeholder with an interest in the area.
A BID is set for a maximum of five years. After five years there must be another vote, based on a new proposal.