Local businesses have received backing from Chelmsford City Council to move ahead with a ballot for their positive proposals for Chelmsford’s City Centre.

Businesses are proposing creating a Business Improvement District (BID), called One Chelmsford, which will give businesses the opportunity to help shape and grow the success of the city centre. If successful, Chelmsford will be following the lead of more than 270 locations in the UK that now have a BID in place.

A BID is a defined area within which businesses elect to pay a levy in order to fund projects within the district’s boundaries. BIDs are funded primarily through this levy but they can also attract significant extra funding from other public and private funding streams. In order to implement a BID, the proposals must be voted on by businesses who would pay the levy and the ballot must be won on two counts: a straight majority and majority of rateable value. This ensures that the interests of large and small businesses are protected.