About the BID

In 2020, businesses in the Southern and Western Business Areas of Bracknell voted in favour of plans to set up a Business Improvement District (BID), to run from 1^st April 2020 to 31^st March 2025.

The positive ballot result follows 18 months of planning, in-depth interviews, surveys and workshops of Bracknell business owners, representatives and partners, and a month-long ballot in which businesses in the area were asked to vote on the BID proposal. 63% of votes cast voted in favour of the BID by total number of businesses, and 88% of votes cast vote in favour of the BID by Rateable Value.

As a result of the ‘Yes’ vote, the Bracknell Business Improvement District (BID) commenced on the 1^st April 2020. Businesses within the BID Area (Southern and Western Business Areas in Bracknell) with a rateable value of £12,001 or more will pay a levy based upon their rateable value, creating a collective fund of more than £3 million to spend over the next five years. This fund will be spent on projects and initiatives that will benefit Bracknell BID area businesses and improve the trading environment.

The BID proposal and plans were driven by a steering group of business representatives from across the BID area (Southern and Western Business areas), who have formed the company: Bracknell Investment Group Ltd, who will manage the Bracknell BID.

Bracknell BID is governed by the Bracknell Investment Group Ltd Board of Directors. The BID Board consists of representatives from all sectors within the BID area to ensure balanced representation. Board Directors are volunteers from businesses and partner organisations who give up their time for free.