The Drogheda Business Improvement District (Love DroghedaBID) exists to make Drogheda a great place to work, live and socialise. We are a collaboration of 1,561 levy payers; Local Business funding Local improvements and have been in operation since we were mandated in 2019. Our aim is to ensure that Drogheda is increasingly known for its safe, attractive, and welcoming atmosphere by all those who work, study, live and spend their leisure time in Drogheda. We work on behalf of local businesses and have been tasked with delivering 26 projects across Retail, Tourism, Environment, Jobs and Technology and Culture and Heritage.
Drogheda’s business community have come together with a love and pride for Drogheda. We want to create a vibrant, buzzy and enterprising place to be.
Alone we can do so little; together we can do so much.
In Ireland Business Improvement Districts are legislated forby 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.
Under the Act all rate payers in the proposed area have an opportunity to vote for or against setting up the BID. The BID runs for a period of 5 years, after which a plebiscite is held to renew it for a further 5years. Included in the proposal is a BID Levy. This is an additional amount of money that is invoiced and collect by the Local Authority. The BID levy funds are transferred to the BID company for use in accordance with its proposal document.
The BID company is a company limited by guarantee. If the BID proposal is successful a permanent board will be elected with 12 members.Two thirds of the members have to be rate payers or representatives of ratepayers. Two board members are co-opted by Louth County Council – one being an executive and the other being a councillor. The board are responsible for the governance and management of the BID company.