What Is A Bid?
A Business Improvement District (BID) is a business-led and business funded body formed to improve a defined commercial area. The benefits of BIDs are wide-ranging and include:
BIDs were first established in Canada and the US in the 1960s and now exist across the globe, including in South Africa, Germany, Japan, New Zealand and Australia.
There are 330 BIDs across the UK with 8 of these operating in Northern Ireland.
Strabane BID - Who We Are
First established in 2016 by a majority vote of the businesses within the BID area, Strabane BID is a means of regenerating Strabane town, increasing football and improving the trading environment.
Set up as an independent, not for profit company, the BID board contains representation from businesses and stakeholders in the BID area.
Each business within the area contributes by paying an annual Levy, based upon the rateable value of your business premises. By collectively investing in the area it gives more control to businesses and stakeholders to have their own input on what they want to see, and how they can deliver it.
In 2021 Strabane businesses voted for another 5 year BID term based on the benefits and success of the first term. Strabane BID’s second term will run from 2021 – 2026.
We are dedicated to making Strabane a better place to live, work, visit and invest.
To find out more about Strabane BID or to purchase a gift card please visit www.lovestrabane.com
If you have any questions about the BID in Strabane
please contact the Strabane BID company at [email protected]
Tel: (028) 7125 3253