Bristol consults on unified and expanded city BID
Bristol is set to boost its business landscape and drive economic growth through a landmark new city-wide Business Improvement District (BID).
With an investment of around £17m over five years, the proposed Bristol BID aims to unite the existing Bristol City Centre BID, Redcliffe & Temple BID and Broadmead BID under one umbrella. If approved by businesses, the new BID will officially launch in November 2025.
The consolidation of the three BIDs will formalise existing successful collaborations such as the Bristol Light Festival, TAP for Bristol and the Business Crime Reduction Partnership. By pooling resources, the new BID will enhance city-wide projects, extend initiatives to more areas and ensure a consistent delivery of services.
By unifying the three BIDs and expanding the footprint, the proposed new Bristol BID says it will increase investment from £11m to circa £17m over five years.
The BID is consulting on two levy options of 1.75% and 1.9% and only those businesses with a rateable value of £30,000 or more will pay the levy.
Vicky Lee, director of Bristol City Centre BID, commented: “This is a vital investment in the future of our city. The additional funds will enable us to deliver more value through impactful projects that create a cleaner, safer and more vibrant city for everyone. By coming together, we ensure that every business – large or small – reaps the rewards of a thriving, prosperous Bristol.”
Consultations with businesses are underway, providing opportunities for feedback to shape the BID’s business plan. A formal ballot is scheduled for June 2025, with the new BID set to launch on 1 November 2025, should the vote pass.
