About Epsom BID

The Business Improvement District (BID) for Epsom is a business-led, not for profit organisation working to make Epsom a better place to live, work, visit, study and do business.

What is a BID?

A Business Improvement District (BID) is a business-led and business funded body formed to improve a defined commercial area. 

The benefits of BIDs are wide-ranging and can include; -

How is a BID established?

How is a BID funded?

A BID is funded by those businesses within the BID area.  Each eligible business contributes a percentage of its rateable value – around 1% - 1.5%.  This fund is then ring-fenced – unlike business rates which are redistributed by central government – and an independent BID company is established to run the BID and implement the initiatives outlined in the BID Business Plan.

Additional funding can be raised through sponsorship and grants, whilst voluntary contributions can be made from businesses outside the BID area or below the levy threshold.

Most BIDs are governed by a board made up of BID levy payers representing the BID area.