WightBID is a Business Improvement District (or BID) which became active on the 1st September 2016 and will run for 5 years.
A Business Improvement District (or BID) is a defined area within which specific classes of business are required to jointly fund a programme of activities, agreed through a ballot of the levy payers, designed to deliver business growth and improve the trading environment in which they operate.
BIDS were first introduced in the UK over a decade ago.There are now over 240 programmes operating across the UK the focus is on supporting programmes that have been developed in collaboration with local businesses that address the specific needs and priorities of each locality.
Whilst every BID is different and tailored to the needs of the local business community, all BIDS are regulated by the Business Improvement Districts (England) Regulations 2004 which set out the legal framework within which BIDS must operate.
Any queries about the WightBID programme, activities that you are investing in, voting and governance around the project and further details about the BID should be directed to Visit Isle of Wight using the following contact information:
To learn more about the WightBID please visit WightBID website by clicking here.
The WightBID website provides various frequently asked question( FAQ's) to view these FAQ's please click here