Exploring the potential of London’s Business Improvement Districts

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The London Enterprise Panel and the Greater London Authority have commissioned Future of London and Rocket Science to undertake a research project on London’s Business Improvement Districts. As the Capital approaches the Mayor’s target of 50 BIDs by 2016, 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 will evaluate the economic, placemaking and regeneration impact of London’s diverse high street and town centre BIDs; explore the sector’s strengths and challenges and consider the impact of local and national policies affecting BIDs. A separate piece of research will be commissioned on Industrial BIDs.

In particular, we will highlight examples of best practice, innovative approaches, successful partnerships and cross-BID collaboration.

We will be engaging with all of London’s high street and town centre BIDs through an e-survey, and will select a representative sample of 20 for face-to-face interviews. This sample will include new and established BIDs, large and small, from inner and outer London.

Among the topics for discussion will be:

  • The impact of BIDs on their areas and comparison with neighbouring non-BID areas
  • What role BIDs might play in the evolving municipal landscape
  • The impact of the LEP’s BIDs grant programme
  • The potential impact of new policies on transparency, service provision and neighbourhood planning
  • Successful partnership working and cross-BID collaboration
  • Success in attracting alternative forms of funding
  • How the GLA and LEP can support BIDs in London

We will also select four BIDs as in-depth case studies, where we will convene focus groups of key stakeholders and BID members to provide insights into the BIDs’ impact.

If you are involved with BIDs, whether as an operator, member, host borough or through another role, and would like to get involved in this research, you can contact the project team at:

research@futureoflondon.org.uk

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We will post project updates on this blog, and you can stay up to date by following @futureofldn and @_RocketScience_ on Twitter. The final report will be available in early 2016.

For more of Future of London’s work on BIDs, see here.