Colmore Business District is a business improvement district (BID) established to project manage improvements and services to the business quarter of Birmingham.
A BID is a defined geographical area within which local businesses collaborate to invest in projects, services and initiatives which improve the environment in which they work.
Colmore BID is principally financed through a 1.5% levy on the rateable value paid by a business.
The BID company is a not-for profit and democratically elected company. Colmore BID’s first term ran from 1 April 2009 to 31 March 2014. The BID secured a resounding Yes vote in its renewal ballot for a second five-year term from April 2014 to March 2019. Those in favour made up 94% of the turnout by number and 96% of the aggregate rateable value represented by those voting. The turnout was 61%.
In 2018 Colmore BID secured another successful yes vote for its third BID term which commenced on 1 April 2019. The ballot results were one of the best in the country. Those in favour made up 96% of the turnout by number and 98% of the aggregate rateable value represented by those voting. The turnout was 64%.
What we do
Reporting to the Board are seven Working Groups. Each of these groups focus on a key area of work for Colmore BID. These areas are:
- Business Matters
- Outstanding Places
- Accessible and Connected
- Place Marketing, Leisure and Hospitality
- Safe and Sound
- Community Building
Each group is Chaired by a Board Director. The groups are made up of volunteers from local businesses, partners from public sector organisations (as appropriate) and members of the Colmore BID team.
Working Groups are responsible for monitoring the progress of our projects and making decisions about what projects the BID will deliver, in line with the strategy set out by our Board.
We are always keen to talk to people who want to get involved in delivering the goals set out in our Business Plan. If you would be interested in joining a Working Group, please contact Katy from the team.
Colmore BID’s proposed third five year term will generate over £5m of additional business led investment. We’ve been listening to our members on how we can continue to ensure our District is the beating heart of business in Birmingham.
As one of the UK’s leading Business Improvement Districts, we intend to continue our current work and to add new and ambitious projects to enhance the District.