Keeping levy payers informed
Our newsletters are a key way of communicating with levy-payers.
It is a statutory charge collected on behalf of the BID by Dorset Council.
A Ballot of all the businesses in the proposed Weymouth BID area was based on the Weymouth BID2 Business Plan. This was successful in achieving a YES vote in May 2018.
As a result with effect from 1st September 2018 the BID came into operation for a period of 5 years (2018-2023) and is able to raise an annual invoice through Dorset Council.
The relevant BID legislation is contained in the Business Improvement Districts (England) regulations 2004
Businesses are invoiced annually in September each year based on a levy of 1.5% of their rateable value. All businesses with a rateable value of £6000 and above within the BID Area pay the levy.
The BID is set up so that all businesses trading at the 1st September each year are liable for the levy.