While the council doesn’t control the BIDs, it plays many roles in collecting a levy from businesses, holding the ballot, and even voting itself as a property owner in the area. BIDs charge a levy on firms inside their area, to help pay for improving trading conditions.
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00:00Transparency concerns have come to light over the plan to merge many of Bristol's city centre business groups.
00:08Three of the four business improvement districts in Bristol could merge.
00:13Broadmead, the city centre and Redcliffe and Temple.
00:18The merger plans put forward by Visit West would subject the vote by businesses in three areas.
00:25The Clifton Village bid would be unaffected.
00:29While the council doesn't control the bids, it plays many roles in collecting a levy from businesses, holding the ballot and even voting itself as a property owner in the area.
00:40Bids charge a levy on firms inside the area to help pay for improving trading conditions.
00:47Councilors on the Economy and Skills Policy Committee on Monday, March 31st were asked to endorse the plans to hold a vote on the merger,
00:58to express concerns about the lack of detail over what the merger would involve and mean for affected businesses.
01:06The work carried out by bids includes putting on events to attract shoppers like the Light Festival,
01:12marketing, improving the public area and providing support and training for businesses.
01:19The firms are charged a small percentage of the value of their property.
01:23The new larger bid would be formed this November.
01:26This would include a new area such as Brandon Hill, Spike Island, Wapping Wharf, Cabot Circus and Brunsworth and Portland Squares.
01:37According to consultation documents, £17 million would be invested through the bid over the next five years.
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