A business improvement district in Birmingham has entered a third term of operations. Jewellery Quarter BID has secured the backing of local companies for another five years in the historic district known for its jewellery manufacturing and independent bars, retailers and creative firms.
The renewal ballot saw a positive vote of 87 per cent in favour of a third term. A BID is a precisely defined geographic area in which companies pay an extra levy on top of their business rates to fund additional services such as events and initiatives.
Jewellery Quarter BID said it had brought in more than £4.5 million of investment via levy payments and a further £4 million of investment through partnerships since being founded a decade ago.
