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% 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. 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%, one of the highest for a BID renewal ballot in the country. The BID’s second term commenced on 1 April 2014 and will run to 31 March 2019. Colmore BID will be going to ballot for their third term from 15 October to 20 November 2018. If successful the BID 3 term will start on 1 April 2019 and end 31 March 2024. The Colmore BID Business Plan can be found here with more details on BID 3.
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Colmore BID has a board of non-executive directors made up of representatives from across the District, which reflect the composition of business types and sectors in the area. The Colmore BID also has stakeholder directors from Birmingham City Council, West Midlands Police and Centro. Gary Cardin is the current Chair of the Colmore Business District Board. Rob Valentine is the Vice Chair. All of our Directors sit on our Working Groups, giving strategic direction to our work. To find out more about each director, click on their photo below.