A BID is funded by a levy, a small mandatory contribution required from businesses within the BID area. These funds are then reinvested into the district, supporting initiatives such as events, enhanced cleaning, security, marketing, and business support services.

A BID works in partnership with the local business community by organising events, hosting workshops, promoting the area, improving the streetscape through placemaking, and offering additional services like cleaning and security. It also collaborates with local authorities on matters such as policing to address key community concerns.

Decisions within a BID are guided by input from levy-paying businesses. The BID regularly consults with its members and uses third-party research to identify local priorities and areas for improvement. Projects and initiatives are then implemented based on collective feedback, ensuring the BID meets the needs of the local business community.

Businesses gain from increased footfall, enhanced public spaces, coordinated marketing campaigns, and access to support services such as workshops and security initiatives. BIDs also provide businesses with a stronger collective voice when engaging with local government and other agencies.