Following the BID3 Ballot in 2024, businesses within the BID Area, as displayed in the map above, with a rateable value of over £10,000 automatically become levy-paying members who benefit from Hereford BID projects and services.
Any businesses within the BID Area with a rateable value of under £10,000 or who are based outside (but attached to) the BID area are welcome to apply to join as Voluntary Members.
BID Member Exemptions The following types of business are exempt from paying the BID levy:
There are no other exclusions. For more information on BID Levy rules, please download the Business Plan.
The BID levy is charged at 1.99% of rateable value (RV) of each hereditament within the BID area that has a rateable value of £9,000 or more, based on the national non-domestic rates list (NNDR) provided by Herefordshire Council. Businesses below this threshold are exempt from paying the levy. The levy is charged abbually and is payable in advance of 1st April each year.
Our financial year runs from April 1st to March 31st with the BID levy invoices sent out annually in April. We represent over five hundred businesses, including shops that are vacant; in these circumstance it is the landlord who pays the levy.
Businesses within the BID Area with a rateable value of less than £10,000 or who are based outside the BID area are welcome to apply to join Hereford BID as Voluntary Members.
Whilst Voluntary Members are not entitled to vote, they still receive the same benefits and services as levy-paying members. Voluntary Members must pay an annual subscription equivalent to the levy rate or £157 (+ VAT), whichever is greater and be approved by the Hereford BID Board of Directors.
Stay connected by signing up to our email news letter or follow us on social media using the links below.
or