Accommodation Business Improvement District (ABID) for Richmond
A feasibility study for an Accommodation Business Improvement District (ABID) in Richmond shows potential revenue but lacks sector support.
A feasibility study into an Accommodation Business Improvement District (ABID) for Richmond, presented to the Finance, Policy and Resources Committee in September 2026, indicated potential annual revenue generation of £300,000 to £900,000. However, the study also revealed insufficient support from the accommodation sector to proceed to a ballot.
The proposed ABID aims to generate revenue for local economic growth from the accommodation sector. A report to the committee said that development and set-up costs for a new ABID are likely to be around £10,000 + VAT, with additional costs depending on business plan specifications.
Key facts
- A feasibility study for an Accommodation Business Improvement District (ABID) was presented to the Finance, Policy and Resources Committee on 24 September 2026. Source
- The study found insufficient support from the accommodation sector to proceed to a ballot for the ABID. Source
- The feasibility report estimates an ABID could generate between £300,000 and £900,000 annually. Source
- Estimated development and set-up costs for a new ABID are around £10,000 + VAT. Source
About this summary
This summary was written automatically from our published stories and the council meeting records they draw on. It describes what councils have discussed and decided; it does not take a view on any decision. Each key fact links to the story it comes from. Updated 30 September 2026. Spotted a mistake? Email community@opencouncil.network.