What is the BID Health Check?
Our BID Health Check is an independent review which allows the BID company to assess the BID’s operations, performance, governance and also potentially find out what the levy payers think of the BID at a point in time.
What can British BIDs offer?
British BIDs (Bb) offers a bespoke service tailored to your BID’s needs, which can include all or some of the elements shown below. Additional work can be carried out dependent upon your requirements.
To enable the Health Check to be carried out effectively, the BID is required to provide information including some financial reports and to chase survey responses. The participation of the BID Manager/Chief Executive in making an initial self-assessment of how the projects and services have been delivered together with outcomes will also be required.
Each BID will receive a report at the end of the process to be shared with Board Directors and levy payers should the company wish to do so.
"Worcester BID appointed British BIDs to provide a comprehensive review of all aspects of the BID. This included a review on governance and compliance, staffing and contractor structure and financial checks. Project delivery and KPIs against the business plan and renewal ballot readiness was also reviewed. As I was reasonably new to post, I obviously found this to be a very useful exercise but the existing team and board also found it meaningful, allowing for everyone to take stock and celebrate achievements but also highlight projects for immediate focus. The recommendations contained within the report formed our following year’s strategic plan and have since been put into action" – Phoebe Dawson, CEO
The cost is dependent upon the components required.
For more information, please contact mel.richardson@britishbids.info