Business Improvement District (BID) levy
What is a BID?
Business Improvement Districts (BIDs) are business led partnerships created through a ballot process to deliver additional services to local businesses. A BID is a defined area in which a levy is charged on business rate payers in addition to the business rates bill. This levy is used to develop projects which benefit businesses in the local area.
Find more general information about BIDs from GOV.UK
BIDs in Camden
There are five business improvement districts in Camden, which were introduced following successful ballots being conducted in their respective areas. They each have their own rules and BID levy is applied to rated properties in the BID area with a rateable value of:
- Central District Alliance, based in Bloomsbury/Holborn/St. Giles – £180,000+
- The Fitzrovia Partnership – £160,000+
- Camden Town Unlimited – £120,000+
- Hatton Garden - £40,000 +
- Euston Town = £70,000 +
These have all been set up by the business community with the support of local businesses, to help provide additional services and facilities within their given areas.
While the Council is responsible for the billing and collecting the money on behalf of the BID operators, Camden does not determine how the BID is operated. Any queries regarding each respective BID should be directed to the relevant operator.
Payments
If your query relates to payment please contact the business rates section