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Reading Central BID has been in existence since 2006. In this time it has been successfully renewed by vote on three occasions and in the last five years, provided approximately £2.2 million extra private investment in the town centre funded by a nominal levy, equivalent to 1% of rateable value paid by local businesses. Now in its fourth term, Reading Central BID was voted in after a successful ballot in February 2019, when of those who voted, 80% voted in favour by number and 94% in favour by rateable value (RV).
Reading Central BID funds services and activities to improve the environment of the town's central district, alongside the Abbey Quarter BID. REDA's BID team has worked with many partners including Reading Borough Council and the Reading Central BID Committee (made up of 23 town centre businesses and partners) to deliver the 2019-2024 BID plan.
Find out more about Reading Central BID
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