LeedsBID Renewal Ballot
VOTE for a further five years of investment into Leeds City Centre.
LeedsBID is asking businesses to endorse its ambitious plans to invest £14.2m back into the city centre by voting YES for a second term of activity.
The renewal vote enables businesses (located in LS1 and LS2) from all sectors across the city centre the opportunity to support the work of LeedsBID in implementing ideas and investment to improving Leeds for the better.
LeedsBID’s Business Plan 2020-2025 – The Next Chapter, details its plans, projects and initiatives to continue transforming Leeds city centre. With ambitious plans to support a rapidly growing city, it will see £14.2m investment from businesses who pay the levy, alongside in kind support and additional grants, directly invested back into the city over the next five years.
- Notice of Ballot was issued on 10th September 2019.
- The postal Ballot will be held between 10th October 2019 and 7th November 2019.
- Voters must cast their vote and return their blue ballot paper(s) in the pre-paid address envelope to arrive by 5pm on 7th November 2019.
- The result of the ballot will be announced on the 8th November 2019.
The establishment and operation of a BID is governed by legislation – Part 4 of the Local Government Act 2003 and the Business Improvement Districts (England) Regulations 2004.
LeedsBID operates as a not-for-profit company limited by guarantee and has a Board of voluntary Directors.
The BID Board is responsible for the strategic and financial management of the BID and meets on a quarterly basis as a minimum. The split of representation on the Board reflects the sector breakdown of the BID levy paying businesses across the city.
Alongside the BID Board there will be working groups focused on specific issues and projects. These groups will always have at least one Director in their membership and any necessary budget will be agreed at Board level.
Annual accounts will be produced alongside an annual review and these will be made available to levy paying businesses. As required by the BID legislation, LeedsBID will enter into legal agreements with Leeds City Council as follows:
- Baseline agreement – this will set out the minimum service standards to be delivered by Leeds City Council along with any additional agreed discretionary services within the BID area
- Operating agreement – this defines the contractual arrangements for the collection and enforcement of the BID levy.
Copies of these legal agreements are available by emailing firstname.lastname@example.org
- A BID levy of 1.25% of rateable value will be charged on all eligible hereditaments listed in the 2017 local Non-Domestic Rating List as at 1st April 2017.
- All new hereditaments entering the Rating List after 30th August 2019 will be levied at 1.25% of the rateable value in the prevailing list.
- A threshold of £60,000 Rateable Value will be applied, thereby exempting any businesses within the BID area falling below £60,000 Rateable Value.
- The BID levy may increase by an inflationary factor of up to 2% in successive years (i.e. up from 1.25% to 1.27% in year 2). The board will assess if any increase is appropriate each year, giving careful consideration to the economic environment. (Nb. No inflationary increase was applied by the LeedsBID board between 2015-2020, i.e. the levy remained at 1.25% for five consecutive years.)
- The term of the BID will be five years from 1st April 2020 to 31st March 2025.
- The levy will be charged annually in advance for each chargeable period from April to March each year, starting in 2020. No refunds will be made.
- In the case of empty or untenanted premises, the property owner will be liable for the BID levy with no void period and will be entitled to vote.
- A cap on annual levy payable will be set at £25,000 per hereditament.
- Reliefs and discounts do not apply to the LeedsBID levy
Businesses with multiple premises will receive a ballot paper for each unit, and ALL ballot papers must be returned in seperate, pre-paid envelopes.
If you do not receive a ballot paper, please let us know by emailing email@example.com.