About Us
What Is a BID ?
The concept of a BID ( Business Improvement District) is to allow local businesses within a specified geographical area to provide a percentage of the rateable value of their trading unit to be paid to an independent, not-for-profit organisation, which then spends the money on behalf of the businesses, delivering additional benefits to those already required to be provided by statutory authorities to improve the trading environment for their members.
For a BID to be introduced, there is a requirement of a ballot whereby all businesses above a stated rateable value and within a geographical area are invited to vote on whether a BID should be introduced.
There is also a requirement to set a rateable value threshold for those businesses entitled to vote in a ballot and who will become BID members should the outcome of the vote be in favour of the BID.
Since the first ballot in 2009, this threshold has been set at £10,000 in Bury St Edmunds.
The Our Bury St Edmunds BID was created on 1st April 2010 and was successfully returned for its fourth 5-year term, which commenced on 1st April 2025. Every existing BID must hold a ballot every five years when all BID members are allowed to vote and indicate whether they want the BID to continue.
Our next ballot will be held in 2029. Of those businesses who voted in the most recent ballot, 78.5% asked that the BID continue, this ballot also had the largest number of businesses voting yes, we have ever had.
The exact number of BID members can fluctuate due to businesses opening and closing, but as of 1/4/25, there are over 400 mandatory BID members. We also have around 30 members who choose to be a BID member even though they may have a rateable value below our £10,000 threshold or be located outside of the BID area – the designated BID area is on pages 24&25 of our current Business Plan which you can download here.
Contact the Team
In The Press
Why independent businesses in Bury St Edmunds are key to continued vitality – Bury Free Press
Celebrate 60 years since England’s historic 1966 World Cup triumph as new trail set to land in Bury St Edmunds – Bury Free Press
Business boss praises market town’s tourism trend – BBC Online
Bury St Edmunds Spring Fayre returning on May Bank Holiday – East Anglian Daily Times
Town centre gift card sees huge boost for businesses in 2025 – Suffolk Village Info
Market Throughfare in Bury St Edmunds to get a splash of colour with new floral mural – Bury Free Press
‘Out of This World’ astronomy trail to launch in Bury St Edmunds town centre – Bury Free Press
Bury St Edmunds BID says town council funding for Christmas activities will be used in similar way this year after success of 2025 – Bury Free Press
Visitor numbers remain high in Bury St Edmunds thanks to festive shoppers – Bury Free Press
‘Underrated’ UK market town tourists say has the ‘friendliest and most welcoming locals’ – Daily Express
Britain’s 20 best high streets – The Telegraph