BIDs, once voted in by the business community, provide a secure and transparent investment plan controlled by businesses. BIDs are not vulnerable to public sector decision making, policy or cuts.
- Investment on a scale that is unachievable by businesses working alone
- Priorities for investment defined by businesses
- Building on existing success, experience and research, not starting from scratch
- Five year secured investment
- Long term planning
- Opportunity to continue beyond five years