About Albion BID 2

Formed in 2006 Albion BID was one of the first Industrial Business Improvement Districts in the country. During the five years since its formation the BID has made tremendous progress, delivering an impressive range of improvements and fully establishing its credentials. Top of the list of achievements was a substantial reduction in crime and improvements to the security of the BID area with the result that the area became a far more desirable place to work.

Business Improvement Districts succeed or fail by their achievements and it is testimony to the achievements of Albion BID during its first term that the re-ballot in 2010 confirmed its continued existence for a further 5 years as Albion BID 2. Indeed, such was the reputation of the original BID that many businesses in adjacent areas expressed a desire to join Albion BID 2 with the result that it is more than double the size of the original BID.
Albion BID 2 is the first industrial BID to go through a successful re-ballot and is leading the way in the country. It is successfully building on its first term successes and consolidating its position as an important and influential business mechanism within the borough.

The prospectus for the second term can be downloaded here.

How the BID is Managed

Albion BID Company Limited is a Company limited by guarantee, run by and for its members.  It has no share capital and any surpluses generated are reinvested in the company’s services.  It is locally owned and locally controlled.
 The Company has a Management Group made up of local business representatives together with non-voting public sector members.  The Company also has a small number of Directors who are responsible for meeting obligations under the Companies Act 2006.  Each levy payer is eligible to become a member of the company by completing the Membership Application Form. ( Membership Download here)
Alongside the Management Group there are three main theme groups which include members from outside of the BID area.

Organisation Chart

In achieving its aims, Albion BID2 seeks continually to hear the comments of the membership on its services.  It seeks to do this in four main ways:

• Its Management Group meets quarterly to review progress
• Three theme groups meet as required to agree the elements of the programme
• A website forum for members to raise concerns and make comments
• An annual on-line survey to gauge satisfaction of the programme.

In addition, the Annual General Meeting provides an opportunity for all members to ask questions of the board and to stand for election.