A BID can only be formed following consultation and a ballot in which businesses vote on a BID Proposal or Business Plan for the area.
The ballot is run by the local authority or outsourced by the local authority to a third party and all businesses eligible to pay the levy are balloted for a minimum of 28 days.
In the UK, for a BID to go ahead the ballot must be won on two counts: straight majority and majority of rateable value. This ensures that the interests of large and small businesses are protected. There is no minimum turnout threshold.
The Barrow BID ballot was held on 28 April 2016 and businesses in the BID Area produced a resounding vote in favour of the proposal for a BID. Of the 213 votes cast, 165 (77.5%) representing 73% of the aggregate rateable value of those that voted, were in favour of establishing the BID.
The next steps involved setting up the Barrow BID company to deliver the business plan on behalf of the 461 levy-paying businesses.
Barrow BID Company Limited was formed on 1 September 2016.