b'E R B ID2 B UDG ETFORECAS T 20222027The proposed budget for the new ERBID2 5-year term which isFORECAST TO GENERATE OVER HALF A MILLION POUND MORE IN BID LEVY THAN ERBID 1is set out below:5 YEAR BUDGETINCOME AND EXPENDITURE2021/222022/232023/242024/252025/265 Year TotalsIncome BID Levy620,000620,000620,000620,000620,0003,100,000Additional Income60,00060,00060,00060,00060,000300,000Total Income680,000680,000680,000680,000680,0003,400,000Expenditure Projects and Services Marketing, Promotions & Events511,000511,000511,000511,000511,0002,555,000Research, Monitoring & Evaluation20,00020,00020,00020,00020,000100,000 Staff100,000100,000100,000100,000100,000500,000Training1,0001,0001,0001,0001,0005,000Office and IT Support15,00015,00015,00015,00015,00075,000Insurance2,9002,9002,9002,9002,90014,500Levy Collection Costs8,0008,0008,0008,0008,00040,000Professional Fees1,5001,5001,5001,5001,5007,500Bank Charges6006006006006003,000Contingency20,00020,00020,00020,00020,000100,000Total Expenditure680,000680,000680,000680,000680,0003,400,000Surplus/Deficit000000ADDITIONAL INCOMEThe ERBID Company has raised additional income in the first term andwill of course continue to pursue income in addition to the ERBID Levy. This additional income could be generated through the following means:GRANT OPPORTUNITIESVOLUNTARY CONTRIBUTIONSSPONSORSHIP OPPORTUNITIESCOMMERCIAL INCOME GENERATING ACTIVITIESwww.englishrivierabid.co.uk / 23 /ERTB 16113 Business Plan 2020 (For 2022-2027).indd 23 25/01/2021 09:14'