The Nottingham Business Improvement District (BID) which is one of the largest BIDs in the country, is celebrating, having secured the highest score ever recorded for a BID following a recent audit of its operations by British BIDs.
The Nottingham BID scored 76 out of a possible 78 marks, gaining full compliance and the British BIDs accreditation.
The accreditation system is the industry standard for ensuring that a BID is well managed, has strong governance arrangements in place and complies with the legislation and regulations that govern it. It is also designed to measure the impact a BID is having on its locality.
The accreditation process involves measuring a BID’s quality management systems. It also assesses its governance, financial systems, communications and relationships with stakeholders – its members – in the case of the Nottingham BID, retailers and licensed premises in the city centre – as well as third parties such as Nottingham City Council, the police etc. The process entails an audit carried out by an independent assessor.
Jeff Allen, chairman of the Nottingham BID, received the accreditation on behalf of the BID, at the national British BIDs conference held recently in London.
“I am delighted that we have scored so highly in the recent audit of our operations,” said Jeff Allen. “This independent assessment of our BID and the results of the audit are clear evidence that the Nottingham BID is well managed and operated and the whole team should be congratulated on this achievement.”
