Many BIDs will consider the development up to the vote but then struggle to make an effective transition from development to actual delivery. pfbb UK’s experience in managing BIDs means you benefit from support to ensure that the BID’s delivery structures are; fit for purpose, optimise value from the levy budget, able to leverage in other funding and are focused on delivery.
Good personnel and governance arrangements and recognising the accountability to the levy payers is fundamental in maintaining the confidence of the businesses throughout the life of the BID. You need to ensure that your systems and procedures don’t just comply with the BID Regulations and can face scrutiny but maintain a focus on delivery using your budgets and resources as cost effectively as possible.