Destination Business Improvement Districts

WHAT ARE DBIDS?

DBIDs are an arrangement whereby businesses come together and decide which improvements they feel could be made in their destination, how they will implement these improvements and what it will cost them. BIDs are financed and controlled by the businesses within the BID area. They can run for a maximum of five years and during this time they must be able to show that they are benefitting the businesses that fund it.

WHAT CAN BIDS DELIVER?

As a business owner, your input and feedback is vital to help shape what the LCDBID could potentially deliver in your area.

BIDs can deliver any projects or services that are agreed within the content of the business plan and should go over and above any service or activity that is already provided through your business rates and/or by the local authorities which are separate entities to the DBID organisation. 

HOW WILL THE PROCESS WORK?

The aims of the BID are outlined by the businesses in the BID area, primarily through a survey. After this, your priorities for the LCDBID will be collated and you will be invited to attend one of a series of informal business meetings where you will be updated on the progress of the BID and you will be able to ask questions and give feedback – this is part of the detailed consultation phase. A Task Group (made up of businesses in the BID area) will then assist in producing a business plan that will then be sent out to all businesses within the BID area. These businesses will then have the opportunity to vote in a confidential ballot to determine whether Lincolnshire Coast wishes to say YES to a Destination BID.

WHY DO BUSINESSES SUPPORT BIDS?
  • They have the ability to increase footfall to an area, reduce premiums and improve services.
  • They can run for up to five years, so they give businesses the opportunity to plan ahead.
  • They put the control into the hands of the businesses themselves.
  • They do not substitute services provided through business rates. Instead, they provide additional services.

BASELINE STATEMENTS 2022 - 2027 (Term 2)

BASELINE STATEMENTS 2017 - 2022 (Term 1)

BID LEVY UPDATES

BID BALLOT UPDATE 20th April 2022

VISIT LINCS COAST DBID - BALLOT DOCUMENTATION

          VISIT LINCS COAST DESTINATION MARKETING & PROMOTION

          BID LEVY BILL STATEMENT 11TH SEPTEMBER 2020

          NEW VISIT LINCS COAST TENDER PROCESS