Below are a range of frequently asked questions in reference to Future Wood Green Business Improvement District. If we have missed one, please do not hesitate to contact us.
In March 2018, All businesses within the defined Future Wood Green BID area had the opportunity to Vote for a BID. The Vote was successful with 81% of those who voted said yes. For further information about the voting and results, please click here.
The BID officially started on the first July 2018.
No. The Business Improvement District is a separate non-profit Limited Company governed by a Board and Management group. The BID does however work closely with members of the Council to support the objectives of the BID and to raise issues as they arise from those we represent within Wood Green.
Yes, our office is located at Wood Green Works which is just a few minutes away from Wood Green Underground Station. The BID has an open door policy for all those it represents however we do ask that you contact us first to book an appointment and to check that someone will be there. For further information on our contact details, please click here.
A Business Improvement District is primarily funded by a levy which in Wood Green is paid by all businesses who have a rateable value over £12,000 and are within the defined BID area.
We will also be looking and seeking to apply for additional funds from other sources including Section 108 (redevelopment funds), Mayor of London (GLA) and other sources to deliver a range of projects.
BID Levy Bills are issued directly by a local authority rates department – not the BID. If you have questions about payment, or technical questions about the levy, then you can contact the business rates team at Haringey Council, who are collecting the levy on the BID’s behalf, directly on 020 8489 1700 or by emailing email@example.com
Yes. All levy payers are invited to become members of Future Wood Green BID for Free. Membership will give you voting rights at the Annual General Meetings as well as you being able to part of the Steering Groups and attend events we will only be holding for members.
The BID is also offering Voluntary membership to those who do not pay a levy. This is open to Businesses and Organisations who’s Rateable Value is under £12,000 or those who are outside the BID Levy area.
For further information on Membership including on how to apply, please click here
Yes, all Business Improvement Districts must be set up and operated under the BID Regulations which are set by Central Government. Locally, Future Wood Green BID has negotiated a Baseline and Operating Agreement with Haringey Council which sets out what each other organisations deliver and do.
For further information and to download the agreements, please click here.
The BID is governed by a Board of Directors which is made up from members including local businesses, Haringey Council, police and other organisations. The Board also has advisers to the board.
Future Wood Green BID Board membership will be elected at each of the Annual General Meetings which will take place in June of each year. The present board is an interim board which is made up from members of the original Steering group and other members who have requested to be involved.
For further information and to see who is on the BID Governance Board, please click here.
Each year the BID will be writing to all its Members and levy payers to invite them to the Annual General Meeting. The information sent will include a nomination form for those wishing to be considered for sitting on the board.
Please note that to sit on the Board, you are required to be a member of Future Wood Green BID. For further information about membership, please click here.
If you are currently a levy payer in Wood Green, you or a representative from your company/organisation can become a member of Future Wood Green and sit on our steering groups.
If you are NOT a levy payer, you will need to become a voluntary member of the BID first and as part of this process, members of the Board with the chair of the steering group will discuss with you about joining a steering group.
To ensure that the BID in Wood Green is as open and transparent as possible, Each of the Four Steering Groups will discuss and decide what projects from the original business plan the bid should be delivering and when they should be delivered.
The Steering Groups also have a budget for delivering projects which via the chair of each group will present their plans for approval from the governance board.
The steering Groups and BID Governance Board meet around every Six weeks throughout the year as a minimum.
It is the chair of each Steering group who decides if they need to meet more regular than this for example if the group is working on a specific project.
No. All members of the BID Governance Board or the Steering Groups are voluntary positions and do not get paid.
There may be times when members visit or attend seminars, training or conferences on behalf of the BID and then the BID Board will make a case by case decision on funding expenses.