The BID levy is a mandatory charge, enforceable in the same way as non-domestic rates, following a successful ballot.
*Rateable business unit
The Croydon Town Centre BID area spans from West Croydon station in the north, taking in Cherry Orchard Road and Number 1 Croydon in the east, Park Lane and Coombe Road in the south and Charles Street and Church Street to the west.
Croydon BID has 494 levy paying business members.
The map shows the boundary line of Croydon BID’s geographical area.
Arrangements for the collection of the BID levy are set out in a formal Operating Agreement between Croydon BID and Croydon Council (for details visit www.croydonbid.com). These arrangements are governed and administered within the guidelines set out in the BID (England) Regulations 2004.
Croydon Council will be responsible for collecting the BID levy on behalf of Croydon BID. The levy will be collected in one instalment due on 1st April each year and held in a separate account solely for Croydon BID. Enforcement measures for collection of the BID levy are detailed in the Operating Agreement between Croydon BID and Croydon Council.
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: