Accreditation is the must-have recognition that any well-managed BID should desire. Suitable for newly developed and operating BIDs, it provides evidence of quality management and return on investment through service delivery. It is the industry recognised standard.
Throughout the Accreditation process, 5 key themes are assessed:
Governance | Management and Operations | Financials | Performance Management | Communications and Reporting
Evaluates the selection process and effectiveness of the board, directors and members of the BID.
Management and Operations
Evaluates the staffing structure, contracts, and appraisals. This theme also covers insurance policies and data protection.
Evaluates the BID financial systems, ensuring professional and transparent procedures.
Evaluates the methods used by the BID to review performance and ensuring the views of levy payers are fed back in to reflect the changing needs of the area.
Communication and Reporting
Evaluates the BID’s communications activities, focussing on how processes and activities are reported to levy payers and how return on investment for levy payers is assessed.
There are Five Stages to the Accreditation Process:
Application Form | Self-Assessment | Pre-Audit Assessment | Audit | Board
Costs are £2,250 for British BIDs members or £2,950 for non-members (vat applies). If you would like to receive more information regarding the accreditation process, please email firstname.lastname@example.org