ERBID3 Consultation Document - Flipbook - Page 11
ERBID3 BUDGET FORECAST
2027 – 2031
The ERBID3 levy is projected to generate over £3 million to fund the continuation of professionally coordinated destination
marketing, as detailed in this Business Plan, for a further 5 years.
The Budget Forecast below provides an outline of anticipated income and expenditure for the period of ERBID3 (2027 – 2031).
It highlights the key areas of investment, with around 80% of the total ERBID3 budget allocated to Destination Marketing and
Events. The ERBID3 budget will be reviewed by the ERBID Board regularly. Annual accounts will be prepared and posted for
all Levy Payers to view on the ERBID business website.
ERBID3 BUDGET
2027
2028
2029
2030
2031
5 Year Totals
BID Levy
620,000
620,000
620,000
620,000
620,000
3,100,000
Additional Income
110,000
115,000
120,000
125,000
130,000
600,000
Total Income
730,000
735,000
740,000
745,000
750,000
3,700,000
Destination Marketing
440,000
440,000
440,000
440,000
440,000
2,200,000
Events
145,000
146,000
147,000
147,000
148,000
733,000
Sub Total
585,000
586,000
587,000
587,000
588,000
2,933,000
Staff Costs
110,000
113,000
116,000
120,000
123,000
582,000
Overheads
25,000
25,500
26,000
26,500
27,000
130,000
Levy Collection Costs
10,000
10,500
11,000
11,500
12,000
55,000
Sub Total
145,000
149,000
153,000
158,000
162,000
767,000
Total Expenditure
730,000
735,000
740,000
745,000
750,000
3,700,000
Income
Expenditure
Projects and Services
Overheads
ADDITIONAL INCOME
The English Riviera BID Company generates
additional income to supplement levy funding and
maximise investment in destination marketing.
Sources of additional income include:
• Commercial advertising sales including
website and poster sites
• Retail sales through the Visitor Information
Centre
• Sponsorship of ERBID services
• Government grants
• Voluntary contributors
Alex Foley - Guardhouse Café, Brixham
The work Carolyn and her team did after the Crypto
issues was incredible, they quickly pulled together
a huge raft of evidence of the impact on local
businesses, and fought successfully for over
£1m of destination marketing support.
www.englishriviera.co.uk/bid
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