Newbury BID (Business Improvement District) is a not-for-profit organisation formed in 2012 by local businesses, for local businesses. It is a fully independent, business-led and business-funded Community Interest Company, which exists to allow the 600+ businesses of Newbury Town Centre to work together collaboratively towards a shared vision and purpose.
“Our long-term vision is to establish Newbury as a go-to destination for businesses and visitors from all around the world, with the BID leading the way on place-shaping and town centre transformation.”
Every business which occupies a hereditament (business rateable premises) within Newbury’s Business Improvement District pays an annual BID Levy. These funds are supplemented by income from the BID’s commercial activities and are used to deliver the projects voted for by businesses as part of the BID’s Term II Business Plan to ensure that:
Newbury’s Business Improvement District includes businesses which operate from rateable premises within the following streets in Newbury town centre. You can also view a map of the Business Improvement District.
Every five years, levy-paying businesses within the BID vote to continue to work together towards these shared goals. The next BID Ballot is due to take place in February 2022 for businesses to decide if they would like the BID to continue for a third 5-year term from 1st June 2022.
|Number of hereditaments||c. 620|
|BID levy rate||1.5%|
|Total annual BID levy value||c. £300,000|
|Current BID term||1st June 2017-31st May 2022|
|Renewal vote result (2017)||73.2% In favour (up from 72% in 2012)|
|Renewal vote turnout (2017)||53.1% (up from 44% in 2012)|
Services for local businesses, from local businesses
Check out our directory of local B2B businesses within the Newbury BID area which provide business services such as marketing, recruitment, finance, catering, IT and HR. Some even offer discounts and incentives for Newbury BID levy payers. Show your commitment to supporting local by making the most of quality businesses right on your doorstep.