A number of local business leaders have formed the Bradford BID Development Group, to investigate the possible creation of a Business Improvement District (BID) in Bradford. A BID is a business-led and business-funded body formed to improve a defined commercial area. Most are governed by a board made up of businesses who represent the BID area. This means that businesses would have a genuine voice and would decide and direct what they want for the city. BIDs are considered to be the leading model of management and development of town and city centres, with almost 300 currently operating across the United Kingdom, and it is anticipated that more than £500,000 per year could be raised in Bradford to promote and add to the vitality of the city, thus increasing footfall and vibrancy across the entire city centre area.