Financing the BID
A levy of 1% of the rateable value will be charged on all business properties with a rateable value of more than £10,000 located in the BID area. Only properties which are located in the BID area will be liable to pay the BID levy.
The annual and daily cost of the BID levy is detailed below.
| RATEABLE VALUE | ANNUAL LEVY | COST PER DAY |
| £10,000 | £100 | 27p |
| £20,000 | £200 | 55p |
| £50,000 | £500 | £1.37 |
| £100,000 | £1000 | £2.74 |
| £250,000 | £2500 | £6.85 |
| £500,000 | £5000 | £13.70 |