Kings Heath Business Improvement District
What is Kings Heath BID?
There are hundreds of Business Improvement Districts (BID) across Britain. A BID is where a group of businesses in a geographically defined area agree to a small (usually under 3%) additional levy linked to their property’s rateable value, which they then use to improve the business and shopping environment, with the intention of ultimately increasing their sales.
In the case of Kings Heath BID, the geographical area is along Kings Heath High Street and the shops on the side roads off it.
Every five years, a BID has to hold a renewal ballot of its businesses to see if they agree to another five years of the BID. The first five years of Kings Heath BID was April 2008 to March 2013. The third term ended in March 2023 and the new, fourth five-year period began in April 2023, running to March 2028.
Kings Heath BID is made up of around 300 businesses and organisations within the defined geographical area who have agreed to each pay a BID levy equivalent to 2% of their rateable value. This levy raises approximately £150k per year which is pumped back into improving Kings Heath centre.
The strategy of Kings Heath BID is set out by a Board of Directors, the majority of whom own or manage businesses in Kings Heath. Their projects are implemented by the BID Manager.
Since 2008, the BID in Kings Heath has achieved many things that have contributed to keeping our high street among the best in the city. Some of those are listed on our “Achievements” page and, during the BID’s fourth term, it will be delivering those projects in its business plan that businesses have voted to support, along with many other exciting plans and initiatives.