The BIDs are not-for-profit companies to improve local trading environment
Local businesses unite and create not-for-profit companies, the BIDs, to improve their business community.
‘This is Clapham’ (Clapham BID) is a not-for-profit company governed by volunteers from the local business community. 370 businesses pay a levy to help finance work under four key themes – promote, enhance, safe and connect. The BID delivers projects like free business recycling, additional street cleaning, local area marketing, ‘Greening Clapham’ and reducing crime/anti-social behaviour.
West Norwood and Tulse Hill’s recent vote to start a Business Improvement District has created Lambeth’s 7th BID.
The new Station to Station BID officially started on 1 October 2016. It aims to boost local businesses, including promoting the area as great for shopping and work, and managing it to look welcoming and inviting.
The BID – supported by Lambeth Council and the GLA – is led by a Steering Group of 18 businesses,
Steering Group Chair Nick Bright said: “We’re delighted by the overwhelming support. We look forward to working with businesses of all sectors to ensure West Norwood and Tulse Hill continue to thrive. The BID gives us the opportunity to start new and exciting projects and gives West Norwood and Tulse Hill businesses a strong voice.”
Lambeth Cllr Jack Hopkins, Cabinet Member for Regeneration, Business and Culture said: “The BID gives local businesses an organisation dedicated to improving trading conditions.”