- The budgeted income from levy collection in the first year of renewal is estimated at £122,785.
- Expenditure for each year is budgeted at £132,785 leaving a provision of 2% of expenditure providing for an anticipated surplus of £12,000 by the end of the 5-year term.
- Core running cost is forecast to be around 17% of total expenditure for staff, administration, accounting etc.
- Income in addition to the levy is expected to be generated to assist the BID with achieving its objectives. Additional income may come from public sector, local and central government funding as well as private sector investments and income generating activities. A key strand of BID activity will be to utilise the availability of the levy and the activities of the BID to apply for additional grant income, project support, match-funding and sponsorship.
