Guidance

The Business Improvement Districts Loan Fund

Information and guidance on the Business Improvement Districts Loan Fund.

Documents

The Business Improvement Districts Loan Fund

Details

Business Improvement Districts have been a key tool in providing business led improvements to local areas since 2004. They remain an important part of our high street and town centre agenda, and the government is committed to supporting them. Business Improvement Districts are business-led partnerships which are created voluntarily to deliver additional local services and upgrade the local environment for the benefit of business.

In October 2013 we launched a £500,000 recyclable loan fund to support the development of Business Improvement Districts, in the recognition that some prospective Business Improvement Districts encounter some prohibitive start-up costs during development. The Business Improvement District sector body, British BIDs, has been contracted to operate the fund.

The Loan Fund is open to new developing Business Improvement Districts in town centre locations. Each successful applicant can receive up to £50,000 to help set up a Business Improvement District.

Expressions of interest opened for the 11th tranche of the Loan Fund on 24 January 2019, and close on 8 March 2019.

For more information on the Fund and how to apply, please visit British BID’s website.

For more information on Business Improvement Districts, please visit the Minister of Housing, Communities and Local Government’s information and guidance page.

Published 24 January 2019