Financial Plan

The BID financial year runs from July 1st until June 30th each year, and the BID Levy is collected annually in July. There are approximately 400 hereditaments in the BID area. The Levy applies to all businesses with a rateable value at or above £15,000, including those that are vacant where the Levy is paid by the landlord. Details of BID accounts including the annual report and audited accounts for each year can be downloaded below.

BID Income is primarily made up of income from the annual BID Levy. In addition BID Leamington seeks to raise 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 Director and the BID Board with a high percentage of these operating costs being applied directly to project implementation.

BID income and expenditure is reviewed monthly by the BID Board of Directors.

Annual Report and Accounts

Each year the BID Annual Report is produced in July 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.

Second Term, Year 4: July 1st 2016 – June 30th 2017
► 2016/2017 Annual Report

Second Term, Year 3: July 1st 2015 – June 30th 2016
► 2015/2016 Annual Report

Second Term, Year 2: July 1st 2014 – June 30th 2015
► 2014/2015 Annual Report

Second Term, Year 1: July 1st 2013– June 30th 2014
2013/2014 Annual Report

Year 5: July 1st 2012 – June 30th 2012
2012/2013 Annual Report

Year 4: July 1st 2011 – June 30th 2012
2011/2012 Annual Report

Year 3: July 1st 2010 – June 30th 2011
2010/2011 Accounts

Year 2: July 1st 2009 – June 30th 2010
2009/2010 Accounts

Year 1: July 1st 2008 – June 30th 2009
2008/2009 Accounts

Year on Year Financial Achievements

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.

Key financial highlights are below. Other awards and achievements, related to key delivery areas can be found in Promoting, Enhancing and Supporting.

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

2016/2017 Financial Highlights

  • The annual levy available to be spent by BID Leamington for the 2016/2017 year was £298,748.
  • An additional £41,534 in revenue was raised from the private sector through contributions to BID projects, events and sponsorship.
  • A further £3,977 was raised from businesses who are voluntary BID members.
  • This year £6,256 was contributed from the District, County and Town Council towards BID Projects.
  • Including the public and private sector, an additional 33% of revenue was raised in addition to the BID Levy. This equates to a total of £98,342 in revenue, additional to the BID levy, to invest back into the town centre.
  • Operational and management costs were 16% of total expenditure (including BID levy collection fees at £23 per unit, which is well below acceptable industry criteria (£35/unit).

2015/2016 Financial Highlights

  • The annual levy available to be spent by BID Leamington for the 2013/2014 year was £300,132.
  • An additional £34,669 in revenue was raised from the private sector by contributions to BID projects, events and sponsorship and a further £5285 was raised from voluntary contributions from BID businesses and local stakeholders.
  • Including the public and private sector, an additional 32.7% of revenue was raised in addition to the BID Levy. This equates to a total of £88,093 in revenue, additional to the BID levy, to invest back into the town centre.
  • Operational and management costs were 14% of total expenditure.

2014/2015 Financial Highlights

  • The annual levy available to be spent by BID Leamington for the 2014/2015 year was £299,429.
  • An additional £32,749 in revenue was raised from the private sector through contributions to BID projects, events and sponsorship.
  • A further £4719 was raised from businesses who are voluntary BID members and £9277 was contributed from other stakeholders such as the District and County Council.
  • Including the public and private sector, an additional 29.3% of revenue was raised in addition to the BID Levy (excluding any surplus income from the previous year). This equates to a total of £87,859 in revenue, additional to the BID levy, to invest back into the town centre.
  • Operational and management costs were 15% of total expenditure.

2013/2014 Financial Highlights

  • The annual levy available to be spent by BID Leamington for the 2015/2016 year was £298,086.
  • An additional £33,712 in revenue was raised from the private sector through contributions to BID projects, events and sponsorship.
  • A further £5,491 was raised from businesses who are voluntary BID members.
  • This year 23,501 was contributed from the District, County and Town Council. This included £16,500 towards WIFI in the town centre which was not budgeted for and £5000 towards signage.
  • Including the public and private sector, an additional 36% of revenue was raised. This equates to a total of £107,431 in revenue, additional to the BID levy, to invest back into the town centre.
  • Operational and management costs were 16% of total expenditure.

2012/2013 Financial Highlights

  • Additional £19,589 raised in revenue from the private sector
  • A total of £58,679, additional to the BID Levy, invested back into the town centre
  • An average of 20,000 visitors to the town’s website per month
  • 95% increase in Facebook likes in 2012
  • Delivered powerful marketing and promotions reaching over 2 million people