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What is a BID Levy?

The BID levy is the main source of funding for Positive Possil and will be used to delver the projects outlined within the aims and objectives outlined within the Business Plan.

The levy is an equitable and fair way of funding additional projects and services which local authority and other statutory bodies are not required to provide.

There are approximately 95 eligible properties within the BID are which will generate a BID investment income of £30,490 per annum. 

It was agreed by the BID Steering Group that the levy rate will be a fee structure based on the rateable value (RV) of the property on the day of the ballot 24/3/2022 and throughout the 5 year term of the BID.

The levy is compulsory if you own or lease premises within the BID area. There will ne no increase in the levy amount throughout the term of the BID. The levy payments are not linked to what the businesses actually pay in rates but are based on the rateable value of the property.

Those exempt from paying the levy are; Ad-spaces, gap sites, non-retail Charities including places of worship, ATM’s and food banks.

The BID Steering Group decided to use a fee structure outlined in the table below the calculate the levy fee with the reasons outlined below:

  • The levy payments add up to the amount required to deliver on the business plan.
  • A banding system was chosen as it represents a simple and easy way for businesses to identity their levy payment, provided for ease of collection and represents a fair and reasonable methodology.
  • A minimum payment of £240 per annum or £4.62 pw is believed to be realistic for the smallest businesses as they will have the opportunity to benefit from cost reduction projects and potential property improvement opportunities.

Collection of Levy Payments

Glasgow City Council will collect the investment levy on behalf of the BID, as this will be an efficient, safe and cost-effective method of collection. Glasgow City Council will lodge the levy within a BID Revenue account.  The BID levy can only be drawn down by the Board of Directors of the BID to allow the delivery of the Business plan.

The BID Revenue account and levy cannot be accessed by Glasgow City Council, nor can it be used by the Council as an additional source of income.

Enforcement

In the event of any non-payment of the BID improvement levy, it will be strongly pursued by Glasgow City Council (as the billing body) using the recovery powers available to the Council to ensure complete fairness to all the businesses that have paid.

Glasgow City Council will be entitled to charge an additional fee to the levy amount to meet any additional costs incurred in the recovery of the levy.

Any non-payment of the BID levy will be pursued by Glasgow City Council.