The BID is funded by businesses, each of which pay an annual 1.5per cent levy of their rateable value.

Source: https://www.cravenherald.co.uk/news/23923174.skipton-mp-talks-bid-voting-another-term-draws-close/?ref=rss

The current rateable value (estimate of what it would cost to rent a property for a year) was assessed at £38,500.

Source: https://www.readingchronicle.co.uk/news/23564291.earley-retreat-pub-market-closed-three-years/?ref=rss

While this is true, with the national average decrease in rateable value (RV) for the retail sector in England being -10%, it is in fact the only one.

Source: https://pressat.co.uk/releases/retail-sector-to-see-decreases-in-business-rates-liability-but-its-the-only-one-af3438fb6c0ab76bc724b821342ed989/