Decision

Summary of Decision

The Cabinet Member for Growth and Planning has approved the Harley Street BID Limited Renewal & Alteration BID Proposal 2027-2032, and has requested that the Chief Executive, in their capacity as the Council’s Returning Officer and as ballot holder, hold a ballot for Harley Street BID Limited, in respect of its Renewal & Alteration BID Proposal 2027-2032.

The Cabinet Member for Growth and Planning has also approved the decision to enter necessary legal agreements on behalf of the Council for collection of the BID Levy. In addition, deal with related documentation which the Council is required to enter into with Harley Street BID Limited to deliver relevant services in relation to the BID area throughout the BID’s term and any other necessary legal matters as instructed and in consultation with the appropriate Council officers.

Reasons for Decision

Harley Street BID Limited, as the BID proposer, is required to notify the City Council and the Secretary of State in writing of its intention to ask the City Council to put its Occupier BID Proposal to a ballot. That notification is required to be given at least 84 days before Harley Street BID Limited as the Proposer submitted its formal request under regulation 4(2)(a)(ii) of the Business Improvement Districts (England) Regulations 2004. Harley Street BID Limited gave the required notification on 13 May 2026.

In September 2026, the Council received a Renewal and Alteration BID Proposal from Harley Street BID Limited (company number 11934719). The BID ballot is proposed to take place during January and February 2027 with the close of ballot scheduled on 23rd February 2027, and the declaration of result taking place on 24th February 2027. The nature of the alteration to the rateable-value threshold and annual levy increase. The proposed changes are:

• The BID levy will be applied to all ratepayers with a rateable value equal to or greater than £200,000, previously £150,000

• Levy is 1% of rateable value, with a Board-approved discretionary increase of up to 3% annually.

• Levy is now capped at £30,000 per legal organisation per year, previously £25,000, also subject to the annual increase.

• Introducing an 80% discount for NHS Trust facilities (excluding Private Patient Units)

There is no change to the BID boundary.