A brighter future for Slough Town Centre
Slough Town Centre Business Improvement District (Slough BID) is a business led, not for profit organisation representing and working on behalf of 400 businesses, driving positive changes in the town centre. Our focus is to promote and improve the designated BID Zone by helping to make Slough a thriving, welcoming, safe place to visit, live, work and do business.
Business Improvement Districts nationwide provide a mechanism for businesses in a designated area to pool their resources and invest in agreed products and services. Slough BID was established in April 2020 has a mandate to deliver a set of proposals set out in our business plan over a 5-year term. We will be going to our 2nd ballot term in 2025.
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What is a Business Improvement District?
Business Improvement Districts are business led partnerships which are created through a ballot process to deliver additional services to local businesses.
They can be a powerful tool for directly involving local businesses in local activities and allow the business community and local authorities to work together to improve the local trading environment.
A Business Improvement District is a defined area in which a levy is charged on all business rate payers in addition to the business rates bill. This levy is used to develop projects which will benefit businesses in the local area.
There is no limit on what projects or services can be provided through a Business Improvement District. The only requirement is that it should be something that is in addition to services provided by local authorities. Improvements may include, but are not limited to, extra safety/security, cleansing and environmental measures.
(Extract taken from Business Improvement Districts – GOV.UK (www.gov.uk)
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