In Ireland Business Improvement Districts are legislated for by the Local Government (Business Improvement Districts) Act 2006. This Act facilitates the setting up of BID by BID proposers in an area. It also sets out the obligations and requirements of the rating authority to facilitate the proposal, time requirements and the setting up of a plebiscite.
It is proposed to charge a BID levy of 3.5% on the total rate applied to each rateable property in the BID area. Based on the rateable properties listing provided by Louth County Council, 49.2% of businesses in Drogheda will pay an annual BID levy of less than E100. 82.5% of businesses will pay a BID levy of less than E300. Further details on the BID levy can be found in the LOVEDROGHEDA BID proposal document.
We have divided the projects section into 3 parts: Jobs, Enterprise and Technology; Tourism and Lifestyle; Environmental Projects