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. 

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

The last 5 years…

Over the past 5 years, BID Leamington has been delivering projects and services which aim to improve the trading environment in the town centre. These projects and services delivered are in addition to those delivered by Warwick District Council and would not be delivered otherwise. Here are just a few:

A place strategy with a strong brand and identity – plus graphics and photography.

A more appealing town centre with wonderful events and promotions that are valued by the community.

A well-promoted town centre that is seen and heard across many types of media.

A vibrant town centre that is attracting new businesses and investment, and helping existing business to thrive.

A more welcoming town centre with maps, guides and helpful information.

A respected organisation that has developed excellent partnerships with key town centre stakeholders and can influence decision makers.