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A Big Year Ahead for Leeds

2024 marks the 20th anniversary of Business Improvement Districts in the United Kingdom. There are now over 340 Business Improvement Districts (BIDs) which are not-for-profit, non-political organisations established for the places they serve. BIDs represent businesses in a defined area and bring new investment into a town or city centre. Collectively BIDs in the UK contribute £152m a year 1. BIDs are a well-established model of place management, enabling business communities to work together for collective benefit. They can be found across the world, starting first in Canada in the 1960s.

Established in 2015 as the 200th UK BID, Leeds continues to boast the largest multi-sector Business Improvement District (BID) outside of London. Every BID must have a five-year business plan, which gets endorsed through a renewal ballot. This ensures that the BID delivers on its promises and it allows levy paying businesses an opportunity to influence the strategic direction every 5 years.

In 2024 we will be asking businesses to input and shape the Business Plan for LeedsBID for 2025-2030. Leeds is experiencing an exciting time of development and transformation. A high street recalibrating and an office sector which is growing are both positive indicators. The retail and leisure sectors continue to flourish and the professional sector and new office space in Leeds continues to grow at a pace. LeedsBID wants to ensure it keeps in step with the growth of the city. We are therefore proposing that for 2025-2030 the BID boundary changes to encompass those businesses, particularly in the waterfront area of the city. The waterfront is now becoming a natural expansion to the city centre with new investment and infrastructure already underway.

Our Journey So Far

Our aim and ambition going forward from 2025-2030 is simply to make new things happen which were not taking place before LeedsBID existed. To continue to invest in projects which transform Leeds for the better, for everyone in every sector of business.

We will be consulting businesses on increasing the levy in line with other BIDs and extending the LeedsBID boundary to reflect a growing city centre.

Key Dates for 2024

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Leeds International Festival of Ideas 23
Leeds International Festival of Ideas 23
Jurassic Trail
Jurassic Trail
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