Oswestry BID Renewal

Oswestry BID Renewal 2023-2028

Oswestry BID Renewal

Vote YES in October 2022 to keep Oswestry BID for another 5-year term

Oswestry Business Improvement District (BID) is a not-for-profit organisation funded by, and working for, levy paying businesses in the town centre and industrial estates.

In February 2018, Oswestry BID was voted in by businesses to represent and support over 300 levy paying businesses; investing over £1.3 million over 5 years into the town.

Through the partnership created by the BID businesses and using the £270,000 annual levy collected from businesses, the BID has delivered a range of projects and services to support businesses, improve the visitor experience, bring exciting new events to town, whilst giving levy payers a powerful collective voice on important issues.

As we’re about to enter the fifth year of our first term, BID is required by legislation to run a renewal ballot to continue.

The ballot will take place in October 2022, and businesses will be required to vote YES if they’d like to see the BID renewed for another five year.

If the ballot is unsuccessful, Oswestry BID will cease to exist in March 2023.

Strong Investment in the Oswestry Business Community

Building on the success of the past five years and the engagement with many businesses in the BID Area, Oswestry BID intend to continue with the current framework in which businesses, occupying a property within the BID Area with a provisional rateable value of £12,000 or more, are eligible for the benefits and services BID provides.

Click here to complete the consultation survey.

If Oswestry BID is successfully renewed with a majority vote, businesses within the BID Area will be charged an annual levy of 1.75% of their rateable value to continue the focussed investment across the town centre and industrial estate to improve the trading environment, support, marketing and promotion for this business community.

Your BID, Your Voice – Oswestry BID Consultation

What has Oswestry BID done well? What could have been done better? What new initiatives would you like to see introduced in the town centre and industrial estate? If you are a business in the BID area, Oswestry BID needs your feedback.

Your feedback will help shape Oswestry BID’s business plan (2023 – 2028) ahead of the renewal ballot in October 2022.

Read the BID’s consultation document here.

Your views are really important to the success of the BID.

The Renewal Ballot Timeline – Key Dates

  • Consultation launches – 7 March 2022
  • Consultation closes – 8 April 2022
  • Ballot opens – 6th October 2022
  • Last chance to vote and return ballot paper in the post, 1st November 2022
  • Last day of ballot – 3rd November 2022

If the ballot is successful, Oswestry BID’s second 5-year term will begin on 1st April 2023.

If the ballot is unsuccessful, the BID company will cease to exist on 31st March 2023, and the BID’s projects, services and events will not be carried out.

FAQs – Your Questions Answered

What is a BID?

A BID (Business Improvement District) is a not-for-profit organisation funded by and working for levy paying businesses within a defined area of a town or city centre, and/or industrial estate. There are now over 320 BIDs operating in the UK.

The BID is an independent organisation, working for the collective benefit of businesses in the area. BID’s provide additional services to the area and aren’t to be confused with local authorities who provide statutory services.

Who funds Oswestry BID?

The BID is funded by businesses occupying a property with a rateable value of £12,000 or more in the BID’s defined operating area.

Businesses pay into the BID through an annual levy and these funds are spent on delivering improvements to the town in line with the BID’s business plan.

Why are you asking businesses for their views?

The BID is a business-led organisation. Funded by businesses and working for businesses, it is imperative businesses give their feedback to ensure projects are effective and beneficial to the business community.

Ahead of the renewal ballot in October 2022, the BID’s consultation is now open for levy paying businesses to complete before 8th April 2022 The feedback collected will help shape the BID’s business plan for the next 5-year term (2023 – 2028).

Why does the BID have to hold a renewal ballot?

Under BID legislation, all BID’s are required to hold a renewal ballot every 5 years, giving businesses the opportunity to vote if they’d like their town or city to be a Business Improvement District.

What determines if the ballot is a success?

In order for Oswestry BID to continue operating for another 5-year term the ballot needs to be successful on two counts. 51% of businesses who vote must vote yes. Of the businesses who vote in favour of the BID, their combined rateable value must exceed the combined rateable value of the businesses that vote no.

What happens if businesses vote against the BID?

If businesses do not vote to keep Oswestry BID, the BID company will cease to exist on 31st March 2023. As a consequence, the BID’s projects, services and events will all stop, and Oswestry will lose over £1.4m of investment over the next 5 years.

Who will carry out the BID’s services, projects and events if the BID isn’t renewed?

No one. There is no alternative organisation to Oswestry BID.

If I vote no in the ballot, do I still have to pay the BID levy?

If businesses vote in favour of the BID in the renewal ballot in October 2022, all businesses within the defined operating area will be required to pay the annual levy, regardless of whether they voted for or against the BID.

How much do I have to pay?

The BID is proposing to keep the levy multiplier at 1.75% of rateable value on businesses occupying a property with a rateable value of £12,000 or higher.

What happens if I don’t vote in the BID’s renewal ballot in October 2022?

Businesses do not have to vote in the renewal ballot. However, if businesses do not vote yes to keep the BID, the BID will cease to exist from 31st March 2023.

Is my business in the BID area?

You can view Oswestry BID’s operating area here.

Who governs the BID?

Oswestry BID is governed by a Board of voluntary Directors representing levy paying businesses or organisations within the town, and is chaired by Ian Follington. The Board is responsible for the strategic and financial management of the BID. You can view the Board here.

Who delivers the BID’s initiatives?

The BID employs a team who are responsible for the day-to-day management of the BID and delivery of projects, services and events. View the BID team here.

What has the BID achieved in its first term?

In 2018, businesses told the BID they had four main priorities for its first term, namely: To raise’s the town’s profile, business support & investment, making Oswestry a great place to be, developing the accessibility and safety of the trading environment. All of the BID’s initiatives have been developed and delivered to address these key areas of work.

For further information about the BID’s achievements, have a look at in the consultation document.

If the ballot is a success, what will the BID deliver in its second term?

The BID needs your feedback to help shape the priorities for the next 5 years.

As well as new projects and developing the services provided, the BID will continue to:
• Raise Oswestry’s profile – attracting visitors, customers and investment to all parts of the town.
• Represent businesses by giving them a voice on things that matter to them and the future of Oswestry.
• Support businesses with access to free training & workshops, manage the Pubwatch initiative, and develop the Footfall/Wifi system.
• Improve access and safety for everyone – staff, customers, visitors and deliveries, and residents, through new traffic regulations, street cleaning, festoon lighting, and night bus provision.