ERBID3 Consultation Document - Flipbook - Page 10
THE ERBID LEVY
Every eligible business within the BID area (see page 12 for details) is required to pay the
annual BID Levy. This levy is calculated as 1.95% of the premises’ rateable value (RV) –
some examples are provided below.
There is a minimum levy contribution of £150 per eligible business per annum.
The ERBID levy structure has remained unchanged since the ERBID’s inception in 2017 and
will not change throughout the duration of the 5-year ERBID3 term.
VOLUNTARY CONTRIBUTORS
A business with a rateable value of under £3,000 will be formally exempt from paying the
ERBID3 levy, but can join voluntarily. A voluntary contribution will entitle the business to
all the ERBID3 benefits listed on page 3. Voluntary contributors may also apply to become
a company member (see page 13 for details); however, they are not eligible to stand for
election to be a director of the ERBID Board.
Examples of annual levy contribution that would apply
Café
RV* £3,000 @ 1.95%
= £150
Tourist Attraction
RV £68,000
= £1,326
Small Guest House
RV £7,500
= £150
Public House**
RV £73,000
= £1,424
Self Catering Unit
RV £8,100
= £158
Entertainment
and Leisure
RV £85,000
= £1,658
Takeaway Kiosk
RV £9,000
= £176
Caravan Park
RV £120,000
= £2,340
Restaurant
RV £20,000
= £390
Large Hotel
RV £234,000
= £4,563
*RV = Rateable Value
** Only public houses with a rateable value over £12,000 are eligible for the BID levy
/ 10 / ERBID3 PLAN 2027 – 2031
