Financial Reporting

The BID financial year runs from July 1st until June 30th each year, and the mandatory BID Levy is collected annually in July through invoices issued by Warwick District Council. There are approximately 400 hereditaments (business premises) in the BID area. The levy applies to all hereditaments with a rateable value at or above £15,000 and is payable by the liable party for business rates. 

BID income is primarily made up of income from the annual BID Levy. In addition BID Leamington seeks to raise an additional 20% of revenue from the private and public sector though sales, sponsorship and other commercial initiatives. After operating costs all BID income is invested into projects to make a positive improvement to Royal Leamington Spa. Operating costs are kept to a minimum and are closely managed by the BID Executive Director and the BID Board with a high percentage of these operating costs being applied directly to project implementation.

BID income and expenditure is regularly reviewed by the BID Board of Directors and independently audited annually.

BID Leamington has consistently delivered high quality projects and services to increase footfall and trade within Leamington town centre. By setting clear objectives and implementing an assertive marketing and delivery plan, BID Leamington has achieved significant targets against the national average throughout a period of global recession.

A stringent approach has been adopted to managing the accounts to ensure efficient and transparent investment with measurable return on investment. 

Annual Report and Accounts

The BID Annual Report is produced in July each year followed by the Audited Accounts. Copies of the Annual Report can be downloaded as a PDF Document from this page. Please contact us if you would like a hard copy of the Annual Report or to view the Audited Accounts.