Falmouth BID | Falmouth Town Council

Falmouth Town Council are a key partner in the exciting five year Falmouth Business Improvement District (BID) project. This section provides you with further information on what a BID is, who the key players are, what activities are being delivered and how it will benefit Falmouth and Falmouth businesses.

What is a BID?

Business Improvement Districts (BIDs) are a flexible, innovative funding mechanism that aim to improve a clearly defined commercial area. BIDs involve a levy being paid by defined ratepayers in that area, following a majority vote. The levy, which is usually 1% of rateable value then becomes mandatory for all defined ratepayers. BIDs usually operate for five years. Each BID defines its own programme of activity, shaped by extensive consultation with the businesses involved. There are over 95 BIDs within the UK. The Falmouth BID is Cornwall’s second.

54% of businesses in the Falmouth BID area took part in the ballot in March 2009. Of these, 70% voted in favour of the scheme, representing a significant majority. To view the Falmouth BID Plan click here