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How are we funded?

Croydon BID’s work is funded through a compulsory 1% levy collected from all organisations in the BID area with a rateable value of £40,000 or more.

Access our CroydonBID area map or see the full list of streets within the Croydon BID area. Premises with a rateable value of less than £40,000 are exempt from paying the BID levy. The levy generates an annual income of around £1million and is supplemented by cash and in-kind contributions raised each year, worth a further £500,000. Since Croydon BID was first formed in 2007, we have invested an extra £15+ million on projects and services to improve the town centre.

Working Out Your Bid Levy

To calculate the amount of levy payable, simply multiply by 0.01, the rateable value of the business unit based on its rateable value as at 1st April each year. For example:

Typical rateable value Annual BID levy
£40,000 £400
£50,000 £500
£100,000 £1,000
£500,000 £5,000
£1,000,000 £10,000

Want to know more about the Croydon BID Levy? Call us on 020 8603 0050 or email info@croydonbid.com

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