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About

The Broad Street Business Improvement District (BID) was established in July 2005 following a successful ballot of 262 businesses throughout the Broad Street area. With a 92% ‘YES’ vote, the result is still the highest of all BIDs in the UK to date. The current BID term lasts for five years until March 2010 and works to create a more attractive, better marketed, brighter, safer and cleaner business environment. The BID also represents and champions local businesses on issues of common concern.

Local businesses with a rateable value over £10,000 contribute to the BID through a small percentage levy based on rateable value. Bars, clubs and casinos in the area pay 2% of their rateable value and all other businesses within the main Broad Street core area pay 1%. All businesses located in the outer core area contribute 0.5% of their rateable value.

In addition to the levy, the BID also attracts substantial voluntary contributions from property owners and developers. The BID aims to raise in excess of £1.7million in its first five year term, which will be invested entirely on improvements in the area to ensure a properous business environment.

Broad Street Partnership Limited now manage the BID with a board of directors who represent local businesses, property owners and developers, West Midlands Police, Birmingham City Council, the Leisure Forum (respresenting bars and clubs) and the City Neighbourhood Forum.