460

levy-paying businesses

(September 2016)

213

businesses turned out to vote

higher than the national average

77.5

% of those that voted, voted in favour of a BID for Barrow

 

  • Only businesses in the BID Area with a rateable value of £4,000 or over will pay the levy, however, businesses can become voluntary members of Barrow BID
  • The levy is set at 1.5% of rateable value as at 1st September 2016‚Äč (This is fixed for a 5 year period)
  • The total amount billed in September 2016 was £162,478.50
  • Over the five-year period, the BID levy will raise c£800,000 that will be channelled into marketing our town, making car parking easier and cheaper, enhancing our evening and night time experiences and encouraging more businesses to come in to the town centre, thus starting the process of eliminating empty premises and increasing visitor footfall.