The BID is funded by businesses paying a small proportion (approximately 1.5%) of their business rateable value and this money being ring-fenced for use only in the BID area towards the delivery of the Business Plan.
The BID operates on a not-for-profit basis with a turnover of approximately £275,000 per year.
The highlighted area represents the full extent of the proposed Wakefield Business Improvement District.
The BID area includes any road or street and all small business areas and courtyards located off roads that are located within the boundary of the defined BID area as per the shaded area on the map, even if they are not listed.
In the event of any queries, please get in touch with us via the details shown below. Levy-payers are encouraged to contact us to receive further information on both the detailed governance arrangements for the BID or to request notes of BID Board meetings.
22c Silver Street, Barstow Square, Wakefield