London BID Toolkit Steps

Test
Development
Campaign
Running the BID
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BID Toolkit
2. Private sector interest
Is there strong private sector interest in a BID and have the members been mobilised into action?
Up to two years before ballot
  • The underlying principle of a BID is that it is driven by the local business community, as such it is critical that business interest is evident from the early stages of development
  • Therefore, define the level of ‘interest’ in relation to number and percentage of businesses involved in a BID in terms of:
    • basic awareness of the issues
    • involvement in a partnership by way of attendance at meetings
    • commitment to a solution through action and financial contribution – engage these businesses as private sector champions
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Typical private sector involvement
Download File size 41 KB
Issues facing retailers
Download File size 31.81 KB
Issues facing property owners
Download File size 35.44 KB
List of multiple retailers (British BIDs website)
List of multiple retailers (British BIDs website)
Link to BRC's Retail BIDs website
Link to BRC's Retail BIDs website
Link to IBRF BIDs website
Link to IBRF BIDs website
Engaging the business community
Download File size 91.5 KB
Working with key organisations
Download File size 154.72 KB
Involving property owners
Download File size 38.65 KB
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