Cambridge Business Improvement District (BID) is a collaboration of 1,200 businesses, working together to create a world-class experience for all who visit, live and work in Cambridge, a global city.
Launched in April 2013, the organisation received a mandate in November 2017 to continue its work for a second five-year term, following a Renewal Ballot in which 80 per cent of voters gave their backing to the Business Plan for 2018-2023. In the process, the BID Area was extended to incorporate the CB1 area and Station Square; the threshold above which businesses pay a levy was also increased from £20,000 to £30,000.
During this second term, almost £5 million of private sector funding will be invested in the city through Cambridge BID. This will be used to underpin existing projects - delivered under the Welcome, Experience and Support work streams - and enable new initiatives that will attract new talent and business, while raising the city's profile still further on the global stage.