DE MAGALHAES, C; (2011) BIDs, Economic Recession and the Future of Stakeholder-led Public Realm Management. Royal Institution of Chartered Surveyors: London, UK.

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Abstract

BIDs were introduced in the UK in 2003/2004 and their widespread adoption was linked to their ability to raise funds to invest in the locality, through a mandatory supplementary levy on business rates, voluntary contributions, sponsorship and public sector grants. However, the economic downturn has already restricted those sources of funding, and public sector spending cuts are likely to restrict them even further. This case-study research has investigated the impact recession and spending cuts have had and are still likely to have on the way BIDs operate, and has tried to identify the threats and opportunities to them as stakeholder-led instruments for the management of town centres and commercial and industrial areas.

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