The Great Yarmouth Business Improvement District (gyBID) was originally formed in 2006 following a successful ballot of town centre businesses. The third and current term went live from April 2016 following a renewal ballot held in February that saw both a majority of 86% turnout in favour of the gyBID being renewed for a further 5 years. The BID allows for eligible businesses to be charged an annual levy that is then used to fund the projects and initiatives described in the current BID Business Plan. A list of the current BID levy paying members can be found here.
The BID was proposed by Great Yarmouth Town Centre Partnership, who manage and deliver the projects outlined in the proposals contained in the business plan. The Partnership has the support of Great Yarmouth Borough Council that continues to collect the BID levy at no cost to the Partnership ensuring 100% of the levy is spent on the BID projects.
A copy of the latest annual report can be viewed here.
Visit www.gybid.co.uk for more information on the town centre Business Improvement District.