Rochdale BID

What is a BID?

A BID is a Business Improvement District.

A BID sees businesses in a defined area join together to fund improvements to their area, beyond those core services which are offered by the council and police.

Businesses in a BID work together to decide what their priorities are for their area and then pay a small top up on their business rates to fund them. This is usually around 2 per cent, depending on the size of the business.

A bid will only be implemented in Rochdale if we get enough support from businesses in the area.

Why Rochdale?

Rochdale town centre has improved immeasurably in recent years, with the council-led £250m regeneration programme transforming the town centre beyond all recognition.

We now have a newly re-opened river, a first-rate transport interchange and town centre Metrolink stop, among many other things. Our new retail and leisure development, Rochdale Riverside, is also on the way, as is a new town centre market.

With so much momentum in Rochdale town centre, now is the perfect time to build on this work by developing a BID to improve the area even further and drive up footfall.

Examples of things a BID can help achieve:

Other areas close to Rochdale which have implemented BIDs include Stockport, Macclesfield, parts of Manchester and Halifax.

Who will promote and manage the BID?

A new private limited company, which is limited by guarantee and has its own management board, would be established to administer the BID. This is a not-for-profit company; board members would be made up of volunteer individuals who represent the cross section of businesses and organisations across the area.

How will the BID work?

A series of surveys will be carried out to determine what improvements businesses in the area would like to make.

The improvements identified will then be implemented if the majority of BID members approve them through a vote. This enables businesses to have a direct role in deciding what improvements should be made in their local area. After five years, the businesses will vote on whether they want the BID to continue and what they want to improve over the next five years.

What will the BID deliver?

The BID will deliver the changes and improvements that you and the other businesses in the area identify; these might include targeted street clean-ups, improved signage, promotions and events to increase the profile of the area, all of which will help to drive customer visits and encourage longer stays. It might be group buying initiatives which reduce costs and increased support with skills development and training.

It is important to remember that the BID will not replace the existing services provided by Rochdale Borough Council. This will be monitored by the BID company to ensure that the money generated through the BID is only used for the improvements voted for by the businesses in the BID district.

How will my business benefit?

You and the other businesses have identified the issues that will be tackled by the BID in the town. You can also be certain that the BID will:

How is the BID funded?

The BID itself is funded by the businesses in the BID district and aims to be both fair and transparent.

How much will it cost me as a business?

A levy is charged to all businesses. In this case the levy is set at 1.75%. This levy is based on the rateable value of your premises. On average this levy is usually set at around 2% of the rateable value. A BID area like Rochdale town centre could possibly generate around £250,000 per annum, which will be ring-fenced to make and manage the improvements that businesses have voted for.

Who will decide on whether our area becomes a BID?

You will – once the BID strategy has been drawn up, you will be asked to vote on whether you would like it to go ahead. The BID will only be formed if we have enough support from businesses.

How can I stay informed and get involved?

If you want to know more, please contact:
Paul Ambrose | 01706 926677
BID Manager

You can also email us with your name, business name, address and phone number to:

Many thanks
Lorenzo O’Reilly
Chair of the BID