Locus
Richmond's Accommodation BID feasibility study showed revenue potential but lacked sector support to proceed to a ballot.
A feasibility study for an Accommodation Business Improvement District (ABID) in Richmond, presented on 24 September 2026, indicated potential annual revenue of £300,000 to £900,000. However, the study found insufficient support from the accommodation sector to proceed to a ballot, according to a report to the Finance, Policy and Resources Committee.
The feasibility report estimated that the development and set-up costs for a new ABID would be around £10,000 plus VAT. These costs could be recovered from future levy receipts if the ABID were to proceed. Locus were consultants who engaged with hotels in Richmond as part of this feasibility study.
Key facts
- The Accommodation Business Improvement District (ABID) feasibility study was presented on 24 September 2026. Source
- The feasibility study indicated an ABID could generate between £300,000 and £900,000 annually. Source
- The study found insufficient support from the accommodation sector to proceed to a ballot. Source
- Estimated development and set-up costs for a new ABID are around £10,000 plus 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.