A Business Improvement District (BID) is a geographical area in which the local businesses have voted to invest together to improve their environment.
About Business Improvement Districts
What is a Business Improvement District?
BIDs provide additional or improved services, identified by the local businesses. This could include extra safety, cleaning or environmental measures.
BIDs are business-led organisations. They’re funded by a mandatory levy on all eligible businesses after a successful ballot.
View our interactive map of London BIDs.
BIDs and the Mayor
The Mayor and City Hall strongly endorse the idea of BIDs and their role in the ‘place shaping’ of local town centres and industrial estates.
The business benefits of BIDs include:
- BID levy money is ring-fenced for use only in the BID area
- businesses decide and direct what they want for the area
- business cost reduction, for example, from reduced crime and joint procurement
- mediating with local councils, Transport for London, the police and other public bodies
- increased footfall and staff retention
- place promotion
- networking opportunities with neighbouring businesses
BIDs Steering Group
In the winter of 2012, City Hall commissioned some research on London BIDs. This research aimed to get a more in-depth knowledge of the sector and to identify how best to engage.
Following the report, the London Economic Action Partnership (LEAP) will be including the work of BIDs in its work programme. A BIDs steering group has also been set up to advise City Hall and LEAP on strategic and operational matters. Members of the group are:
Simon Pitkeathley – Camden BID (co-chair)
Penny Alexander – Baker Street Quarter
Nadia Broccardo – Team London Bridge
Ilker Dervish – London Riverside (co-chair)
Shanaaz Carroll – ATCM
Julie Grail – British BIDs
Ros Morgan – KingstonFirst
Jane Harrison – London Councils
Christine Lovett – Angel Aim
Helen Deakin – TfL
Ben Strange – MOPAC
Peter Williams – Bankside
Adreena Parkin-Coates – London Fire Brigade
Ann Hunter – Ealing Broadway
Ruth Duston – Victoria BID
Steering group agendas and minutes
- SG Meeting - Mar 2014 Agenda | Mar 2014 Minutes
- SG Meeting - Nov 2013 Agenda | Nov 2013 Minutes
- SG Meeting - Oct 2013 Agenda | Oct 2013 Minutes
- SG Meeting - Sep 2013 Minutes
- SG Meeting - Aug 2013 Agenda | Aug 2013 Minutes
This research also led to a small budget being allocated to develop a work programme to support existing London BIDs and future BIDs. Among other activities, the work programme:
- set up a grants programme to part-fund BIDs going for balloting for the first time
- aims for City Hall and its agencies to have a more strategic and coordinated approach when working with BIDs
- keeps in regular contact with BIDs via a newsletter and quarterly meetings at City Hall
- organises workshops on relevant topics of particular interest to BIDs
- develops toolkits or commissions research that are useful to existing and new BIDs
- encourages the development of new and innovative relationships and ways of working between BIDs and other partners
In October 2015 the LEAP and City Hall commissioned Future of London and Rocket Science to update the London BIDs research. This project will take stock of achievements to date, assess the current state of BIDs in London and look ahead to opportunities for BIDs to take a greater role in shaping London’s future.
The research evaluates the economic, place-making and regeneration impact of the London’s diverse high street and town centre BIDs. It explores the sector’s strengths and challenges, and considers the impact of local and national policies affecting BIDs. A separate research is taking place on Industrial BIDs and will be published in the Autumn.
For any questions about the Mayor’s London BIDs programme, please contact: [email protected].
Instead of BIDs
City Hall wants to be inclusive and we acknowledge that not all high streets can, or want, to set up BIDs. There will be instances when high streets may be better setting up business partnerships or informal business groups.
City Hall is committed to also working closely with these groups.