How will the Great Yarmouth BID work?

Businesses in a specified area will be balloted – a simple majority must be in favour, and the yes votes must represent more than half of the rateable value of the votes cast.

• Every business contributes through an additional business rate levy
• All the money raised is spent in the BID area
• Members decide how the money is spent
• BID’s payments replace voluntary Town Centre Partnership subscriptions – current TCP Members only pay once
• After a successful Ballot the BID will commence in April 2006 and will last for 5 years