What is a Business Improvement District (BID)?
A Business Improvement District (BID) is a business-led and business-funded body formed to enhance a specified commercial area. Within a BID, businesses collectively vote to invest in initiatives that improve their trading environment.
The lifetime of a BID is governed by regulations and is limited to a maximum of five years. During this period, a not-for-profit company, established and managed by businesses in the area, ensures that the aims and objectives of the BID proposal are achieved.
Currently, there are over 320 BIDs operating in the UK.
Hemel BID’s Objectives
Caring for our Town
Improving the presentation and perception of the town centre’s public spaces to help to create a brilliant experience for residents, visitors and workers.
Selling the Hemel experience
Creating a calendar of exciting events and campaigns to raise the town’s family-friendly profile to a wider audience and attract more visitors, encouraging longer stays and sharing great experiences..
Friendly and welcoming
Working to make Hemel a safer place for those who work, visit or live in the town centre. Ensuring that the town is not only friendly and welcoming but also safe and secure.