Business Improvement District (BIDs) Consultation
The Council is currently carrying out a Feasibility Study on the potential development of a Business Improvement District in the 5 town centres in Mid Ulster.
NI BIDS have been commissioned to undertake the work and are surveying businesses across each of the towns - Cookstown, Coalisland, Dungannon, Maghera and Magherafelt.
A Business Improvement District (BID) is a way of helping businesses take control of and improve their trading environment. It is an arrangement whereby businesses get together, decide what improvements they want to make in their town centre and how they will develop and manage these. This all goes into a business plan which is voted on and if the majority of businesses vote yes, all pay a small BID levy (1-2% of your business rates) for the implementation of the business plan. The BID lasts for a maximum of 5 years and must be able to demonstrate how it benefits the businesses that have funded it.
Northern Ireland already has 8 BIDs operating, from a small town such as Strabane to 3 across Belfast City Centre. For more information on BIDs and the work these areas are undertaking, please visit www.nibids.org.
If you operate a business in any of the town centres, we'd be grateful for your views on the potential of creating a BID. You can tell us what you think by completing the survey relevant to you.
Coalisland BID Survey
Cookstown BID Survey
Dungannon BID Survey
Maghera BID Survey
Magherafelt BID Survey