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Financial Advice for BIDs

From the first moments that COVID-19 struck the UK, it was clear that it would bring major disruption to Business Improvement Districts (BIDs), to the levy payers that they serve, and to the places that they manage.

In a series of Q&A sessions attended by over 150 BIDs from around the UK major issues concerning the industry were discussed with experts. Many of these have focussed upon financial matters. Some of the responses to the most frequently asked questions form the basis of this updated advice to the industry.