Business Improvement District (BID)
A District (BID) is a business-led initiative within a defined geographical area of a town, city, business district or rural area, not restricted by statutory boundaries, where businesses work together and invest collectively in local improvements to their business environment. These improvements and services will be in addition to those services delivered by local authorities. Through consultation, normally carried out by a steering group, a range of projects and services is agreed and a business plan developed. This is then put to a democratic vote involving all the eligible businesses in the proposed area. A BID is often, although not exclusively, a partnership arrangement through which the local business community and statutory authorities can take forward projects which will benefit the local economy.
BID is not a substitute for central or local government services, but is a way additional funding can be raised which businesses then decide how to use to strengthen the local business economy. By giving local businesses a unified voice, a BID can provide an arena for businesses and local authorities to increase their understanding of each other’s priorities.
Moray Council act as billing agents only for BIDS and are unable to answer questions regarding BIDS unless the invoice is being queried or there has been a change of circumstances e.g. no longer at a property.
Moray Council administer two Bids Improvement District Schemes (BIDs)
The Elgin Bid - Embrace Elgin BID
The Tourism Bid - Visit Moray Speyside Tourism
For all Embrace Elgin BIDS queries out with this remit contact the Bids Manager Angela Norrie on 01343 550652, email hello@elginbid.co.uk or 13 Harrow Inn Close Elgin IV30 1BP or www.elginbid.co.uk.
For all Visit Moray Speyside BIDS queries out with the above remit contact the Chief Executive Gemma Cruickshank on 01309 678150, email info@morayspeyside.com or Unit 15, Horizon Building, Enterprise Park, Forres IV36 2AB