At a glance
The BID in numbers
678
Businesses represented, covering all sectors.
£300k
Income every year, spent on services, support and opportunities as decided by you.
1.5%
Levy on rateable value, for businesses with a rateable value of £6,000 or more.
About BIDs
How the BID works
In Eastbourne the BID is funded by a levy of 1.5% on each business in the defined area (see page 24 of the Business Plan) with a rateable value of £6,000 or more.
The BID would represent 678 businesses, covering all sectors and generating an income of £300,000 every year – to be spent on providing services, support and opportunities as decided by you.
The Board represents all sectors and areas of the BID and funding can only be spent in the BID area.
Your BID attracts additional funding raised through grants and sponsorship, making our money work harder.
BIDs are not a replacement for the local authority and police services but provide additional resources. Which is why we have a baseline agreement with the Council.
It’s important to remember as well that whilst it is independent of the local Councils, both Eastbourne Borough Council and East Sussex County Council pay into the levy as well, due to both having properties within the BID area!
Levy calculator
What does my business contribute?
In Eastbourne the BID is funded by a levy on each business in the defined area. Move the slider or type your rateable value to see an estimate.
1.5% of rateable value, for businesses with a rateable value of £6,000 or more.
This is an estimate for guidance only. Your levy bill is the definitive figure — get in touch if you have a question about it.
Common questions
Who pays the BID levy?
Each business in the defined BID area with a rateable value of £6,000 or more pays a levy of 1.5% of its rateable value.
Is my business in the BID area?
The defined area is shown on page 24 of the Business Plan, which you can download from this page. If you are unsure, contact us and we will check for you.
Where does the money go?
Funding can only be spent in the BID area, on services, support and opportunities as decided by BID businesses. The Annual Report sets out the budget.
Does the BID replace Council services?
No. BIDs are not a replacement for the local authority and police services but provide additional resources, which is why we have a baseline agreement with the Council.
Do the Councils pay too?
Yes. Eastbourne Borough Council and East Sussex County Council both pay into the levy, as both have properties within the BID area.
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