The BID Area

All business premises on the red line shown are deemed to be within the BID area.

A list of the streets deemed to be within the area;

Albert Square	Manning Walk
Albert Street	Market Mall
Bank Street	Market Place
Bloxam Place	Moultrie Road
Castle Mews	Newbold Road (part)
Castle Street	North Street
Chapel Street	Northway
Chestnut Field	Railway Terrace (part)
Church Street	Regent Place
Church Walk	Regent Street
Clifton Road (part)	Sheep Street
Corporation Street	St Matthews Street
Drury Lane	Warwick Street
Eastfield Place	Westway (part)
Evreux Way	Whitehall Road
Gas Street	Windsor Court
Henry Street
High Street
Hillmorton Road (part)
James Street
Lancaster Road
Lawrence Sheriff Street
Little Church Street
Little Elborow Street

For more information feel free to contact us.

 

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About Us

A BID is a defined geographical area in which business rate payers have voted to invest collectively in local improvements to enhance their trading environment.

The Rugby BID delivers a number of positive, relevant and timely services designed to maximise the town’s potential for you and your customers.

These services have been suggested by local businesses for the benefit of local businesses. They are additional to those already provided by the local authorities and are funded by a levy on every business whose rateable value is £2001 or more.

This will generate approximately £3million over five years to be spent in the BID area and enable us to provide the following:

• A business led, member driven organisation that has the needs of Rugby businesses at its heart.
• Safer streets through CCTV and additional security services.
• A cleaner, more welcoming town centre environment.
• A friendlier place in which to live, work, shop or to visit.
• A comprehensive marketing programme designed to promote businesses and facilities in the town and attract more customers.

The Rugby BID Co Ltd is a private independent limited company that manages the delivery of these additional services and is led by a private sector board elected by all BID members.

The BID has the active support of Rugby Borough Council, Warwickshire County Council, Warwickshire Police and the Rugby branch of the Coventry and Warwickshire Chamber of Commerce.

 

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Governance and Management

As an independent, private limited company, Rugby BID has its own Board of Directors who meet bi-monthly to oversee the delivery of the projects and the efficient running of the company.

Click here to see the ‘Draft Final Articles of Association’

Click here to see the ‘Draft Final Memorandum of Association’

Click here to see the ‘Directors Report 2007/2008’

The Board is elected by members of the Rugby BID and consists of the following representatives :

Directors from the Private Sector	8
Directors from Rugby Town Centre Company	1
Rugby Branch of Coventry & Warkwickshire Chamber of Commerce	1
Warwickshire Police	1
Rugby Borough Council	1
Warwickshire County Council	1

They will be assisted by independent legal and financial representatives.

The Rugby BID Co Ltd Board of Directors as at March 2008 as follows:

Robin Richter	Chairman
Peter Aengenheister	Rugby Advertiser
Councilor Neil Campbell	Rugby Borough Council
Mike O'Connor	Rugby Retailers Association
Kelvin Hunt	Hunt’s Bookshop
Councilor Katharine King	Warwickshire Police Authority
Paul Knapman	Prontaprint
Simon Leech	Perry Appleton
Andrew Salter	Salters Menswear
Carolyn Phipps	Institution of Chemical Engineers
Tony Spencer	Clock Towers Shopping Centre
Cllr John Vereker	Warwickshire County Council
Geoff White	Coventry and Warwickshire Chamber of Commerce Rugby Branch
Simon Towers	Clifford Towers Chartered Accountants
Aftab Gaffar	The Rugby BID CO (Executive Director)

 

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BID Levy, Liability and Collection

A BID levy will be charged on all hereditaments listed in the 2005 local Non-Domestic Rating List with a rateable value of £2,001 or above and which are located within the BID area.The schedule shows the different rateable value bands. No individual hereditament within the BID area will be disregarded or exempt from the BID levy.

There are three exemptions and reliefs to this:

i. businesses with a rateable value of less than £2,001 will be exempt from the levy.

ii. tenants of the Clock Towers Shopping Centre will receive a pro-rata discount should any contribution be made by the property owner.

iii. any other business where the property owner makes a contribution will receive a pro-rata discount.

The BID levy will be payable for the whole year by the liable party as at 1st November each year. There will be no changes during the year to reflect changes in the liable party.

Where a property is taken out of rating (e.g. due to demolition or split or a merged assessment) the BID levy will be due up to the day before the effective date or removal from the Rating List. The annual BID levy will be apportioned accordingly.

Where a new assessment is brought into the Rating List (e.g. a newly erected property or a property resulting from a split or a merger) the BID levy will be due on the new assessment from the effective date of the entry in the Rating List. The annual BID levy will be apportioned accordingly. Where there is no liable body as at 1st November of each financial year, the liable body as at the effective date of the Rating List entry will be liable to pay the BID levy for that year.

The BID levy will rise in line with the Retail Price Index and be set on 31st October of each year of the BID, based on the 2005 local Non-Domestic Rating List. This list will be updated for any changes in ratepayer, appeals, additions or removals.

The BID levy will be collected by Rugby Borough Council acting as agents for the BID Company. No relief is given to any class of non-domestic ratepayer irrespective of whatever relief or exemption they may currently enjoy. All types of property within the BID area are to be subjected to the full levy. There will be no distinction made between occupied or unoccupied hereditaments. Either occupancy status will attract the full BID levy.

The commencement date for the Rugby BID arrangements is 1st November 2005. The duration of the BID arrangements will be five years expiring on 31st October 2010.

The levy is charged dependent on the Rateable Value of the premises that you occupy.

Click here to see BID levy and payment instructions.

 

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Alteration of BID arrangements

The BID area and the BID levy banding (with the exception of inflation increases) cannot be altered without an Alteration Ballot.

• The budget headings can be altered within the constraints of the revenue received through the BID levy.
• The BID Board will be empowered to move funds
  between budget headings.

 

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Membership of the BID

Membership will be open to any business within the BID area who support the aims of the BID, upon application to the Board. Members are entitled to vote at the AGM and EGMs and may nominate individuals to the Board.

Members’ liability is limited to £1. There are no beneficial
rights to membership.

Please download and complete this form to join as a member.

 

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	BID Budget Click here to see BID Budget for 2009/2010...
	Audited Accounts Click here to see Draft Audited Accounts year ended 31st October 2008...