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Local businesses, cultural organisations, and the Council are coming together to develop a number of new Business Improvement Districts (‘BIDs’), which is a key strand of the High Streets Programme.
BIDs provide a mechanism for local business rates payers to pay an extra Levy to create a pot of money which can be spent on improvements to the local town centre or High Street – from small improvements like more regular cleaning, plants, or CCTV, to more ambitious large events or seasonal markets. Things that make the area thrive— not only commercially but also for residents.
The Brompton Road partnership is proposing a BID in and around Brompton Road, crossing over into Westminster as well. The businesses are currently voting and a ‘yes’ majority would see a new BID come into existence.
Similarly, the King’s Road partnership is proposing a BID in Chelsea, around King’s Road. The close of ballot for that BID is later in the year, 25th November.
A new BID on Kensington High Street is also in the works and there is the potential for many more across our local high streets and town centres if the demand and desire is there.
We will keep you updated as things progress on these, and whenever there is further opportunity for engagement. The BID partnerships have engaged with the relevant local residents and representatives for the best part of 2 years now, to make sure that the BID proposals work for everyone.
What do you think about Business Improvement Districts? Can you spot where new BIDs are coming forward on this High Streets interactive map ? Please feel free to leave your comments.
You can find more information about the BIDs on their respective websites: