What exactly is a BID?

June 15, 2021

BID stands for "Business Improvement District". This scheme was introduced by the Government in the early 2000's. By awarding BID status to identified business communities, it generates additional support for those organisations, through project and service driven initiatives, all managed by a central organisation. The BID status is awarded on a 5 year term and all businesses involved in the defined area are invited to submit their vote in support of renewing the status for each term.

Witham Industrial Watch Ltd is delighted to be the central organisation looking after the BID status for the Witham industrial estates. Now in its third term, the overwhelming support of the votes received at the most recent renewal in 2019 has enabled us to continue working on behalf of all the businesses, large and small, throughout this extensive area.