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Great Yarmouth BID awarded national accreditation

02/04/2024

The Great Yarmouth Business Improvement District has been recognised for its high standards and received a national accreditation for Business Improvement Districts. The BID Foundation’s Industry Standards was awarded to GYBID in recognition of its standards of transparency and responsible governance, following an independent review process.

The BID Foundation, a group of over 70 Business Improvement Districts, has developed the Industry Standards for all BIDs with input from UK government and other national bodies. The Standards highlight information and documentation that should be made publicly accessible and easily identifiable by every BID, and are independently accredited by the Institute of Place Management.

GYBID has passed the Industry Standards accreditation by demonstrating the high standards of aspects including its business plan, governance mechanisms and reporting, Directors and personal interests, and detail on ballot results.