Northfield BID: Financially Stable, Delivering Value, Ready for the Future

The 2025-2026 financial statements showed that Northfield Town Centre BID continued to operate from a position of financial strength, with healthy reserves, no long term debt, and efficient levy collection.
 

Despite the national cost pressures, Northfield BID protected all core services, with continuous investment in the service areas that the Northfield business community consistently prioritise:

• Safety and security

• Cleanliness and maintenance

• Events and promotion

• Business communications and support

The BID's recorded a planned deficit was part of its commitment to maintain service levels during a challenging year. Even after this investment, the BID retained over £43k in reserves, ensuring stability and continuity.
 

Levy collection remained strong, with very low outstanding debt, which has demonstrated "confidence" in BID services from local businesses.

As the BID contemplates a further term, our mandate will remain by providing:

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• A secure financial base

• A proven track record of delivery

• A clear understanding of business priorities

• A lean, efficient operating model

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The BID has provided a strong foundation for continued improvement and support for Northfield Town Centre's trading environment.​