About Weymouth Bid
Weymouth BID is a Business Improvement District (BID) scheme established in 2013. Sister page We Are Weymouth UK.
Weymouth Bid Description
BID schemes usually operate for a period of 5 years. For the BID to go ahead, 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 businesses, regardless of how they voted. After five years, businesses will have the opportunity to review how the BID has performed and decide, through a re-ballot based on a new proposal, whether it will continue for a second term.
The Weymouth BID achieved a majority YES vote in May 2013 and a board of Directors were appointed.
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