Beddington Industrial Area Bid
Beddington Industrial Area Bid

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We represent businesses within the Beddington Industrial Area in the London Borough of Sutton and raise money to spend on projects that benefit businesses.

Other BID locations

There are over 300 BIDs established across the UK and each location has a uniquely local business plan, where local business set their priorities and the additional services they want to see delivered in their BID area.

Businesses have worked together to develop BIDs across the UK including:

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London

Elsewhere

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Why should I support the BID?

The BID is improving, managing and promoting your trading area. It is based on the principle of a 1% levy applied equally to rateable values of all defined businesses; it is fair, transparent and avoids ‘freeloading’.

The levy is mandatory and is treated in the same way as your Business Rate, becoming a statutory debt.

Benefits of a BID are:

  • Everyone contributes the same percentage of their rateable value towards the levy.
  • Everyone can have a say on how this money is spent.
  • Everyone benefits from the work of the BID.

Your contribution is going towards a much larger budget and we hope that as a business you can see the value of the industrial area working together for the benefit of the area, your business environment and Beddington.

Isn’t this just another tax on businesses?

No. When you pay business rates you don’t have a direct say in how the money is spent as it goes to Central Government. Your BID levy is passed in its entirety to Beddington BID for investment in key projects and services for your area that you have chosen.

There are over 300 BIDs established across the UK and each location has a uniquely local business plan, where local business set their priorities.
Beddington Industrial Area Bid

IN PARTNERSHIP WITH

Opportunity Sutton

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