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What is Weymouth BID?

Weymouth BID is a business-led initiative supported by Government legislation that enables the local businesses to raise funding to improve the trading environment.

The Weymouth BID Business Plan is funded by a levy on non-domestic rates and operates for a 5-year period. In the case of the Weymouth BID the 5-year Plan runs from 1st September 2013 – 31st August 2018.

BIDs only come into existence after an official ballot of those businesses within the BID defined area. The Government regulations stipulate that, for the ballot to succeed, two conditions must be met:

Over 50% of businesses that vote must vote in favour; those businesses voting “yes” must represent more than 50% of the total rateable value of all votes cast.

If both these conditions are fulfilled, payment of the levy becomes mandatory for all eligible business regardless of how they voted.

Ballot Result

Weymouth BID successfully achieved a “Yes” vote in May 2013 on both conditions based on the following results:

  • Total potential voters: 592     
  • Total potential RV: 20,819,150
  • Actual Turnout: 46% (274 Votes)

Result

  • A 69% YES Vote  (189)
  • A 68 % YES Vote by rateable Value (6,698,550)
  • No Votes: 84
  • No Votes by Rateable Value: 3,114,400

Full results (PDF)

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