THE BIG HEART OF MERTHYR TYDFIL BID SUCCESSFULLY RENEWS BRITISH BIDS ACCREDITATION

In March of this year, The Big Heart of Merthyr Tydfil, Business Improvement District (BID) successfully renewed its British BIDs Accreditation, which is the industry recognised standard and externally assessed by independent auditors.

British BIDs Accreditation is designed in line with the Business Plan Criteria and the National Guiding Principles for BIDs. Accreditation provides assurance to the Board, levy payers and partners that the BID is well run, and that the right governance, financial and management processes are in place.

The accountability and transparency of BIDs are critical, and adherence to the accreditation standards provides stakeholders with reassurance that the BID is operating in accordance with these expectations. Accreditation provides an assessment of governance, management and operations, finance, performance management, communication, and reporting.

Huw Williams, Chair of The Big Heart of Merthyr Tydfil, said: “The feedback report commented that the BID is well-managed by one member of staff who applies good governance and staffing arrangements, financial management, performance management and excellent communication processes to the delivery of the BID. We should all be immensely proud of the work we have done and will continue to do together.”