BIDs Scotland – Business Improvement Districts Scotland has published its second national survey of BIDs in Scotland, which highlights the key contribution that BIDs at making at a local level to sustainable and inclusive economic growth.
The report provides a snapshot of the impacts and outcomes of the 36 established and 24 developing BIDs across Scotland.
Some big hitting figures demonstrate the BIDs substantial input to Scotland’s inclusive growth and economic development, leveraging in over £19.6 million of additional investment, over and above the £41.3 million invested through the BID levy since 2008. BIDs have also added 80 directly created jobs generating a Gross Value Added (G.V.A.) of £3 million. These figures will rise significantly over the next five years as further developing BIDs come into operation.
In addition to these direct economic benefits, the growing BIDs family has created dynamic partnership working between the private and public sectors at the local level, increased levels of local capacity and increased coordination with local community groups; reconnecting people and place.