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Business improvement districts

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Business improvement districts

A Business Improvement District (BID) is a business-led organisation, working in a specific local area.  

How a BID is created 

BIDs are formed following a ballot of eligible businesses. Funding for the BID comes from a mandatory levy (fee) which is paid by those businesses. 

How a BID works 

BIDs work together with partners to provide additional or improved services. Such as extra safety, cleaning or environmental measures. Most of the funding for these changes is provided from the levy. Occasionally, funding is drawn from other public and private funding streams. 

BIDs in Camden 

There are currently 5 BIDs in Camden: 

Camden Town Unlimited 

Camden Town Unlimited has over ten years’ experience enhancing the commercial environment. Creating a strong and sustainable economy that supports businesses of all sizes.  

The BID helps to bridge the gap between large companies, start-ups and residents. It does this through community projects such as co-working space. 

Fitzrovia partnership 

Fitzrovia Partnership works closely with community groups, residents and local authorities.  

It helps them to deliver the following key themes:  

  • Shaping Change in Fitzrovia 

  • Reducing Costs 

  • Sustainable Working 

  • Safer and Cleaner 

  • Events 

  • Promotion  

  • Insight 

Central District Alliance 

Central District Alliance (CDA) was previously known as Midtown BID. It covers Bloomsbury, Clerkenwell, Farringdon, Holborn and St Giles.  

CDA represents both Camden and Islington. Its main aim is to enhance life for the local business community. It does this by looking at: 

  • infrastructure 

  • pollution 

  • traffic  

  • methods of improving the physical environment 

Hatton Garden BID 

Hatton Garden BID aims to support business growth with projects and activities. This makes Hatton Garden a world-renowned business and visitor destination. They plan to enhance its status as London’s famous jewellery quarter.  

Euston Town 

Euston Town became a BID in March 2016. Major transport projects were set to have a huge impact on the business community. These include: 

  • the transformation of Euston Station 

  • the construction of HS2  

  • Cross Rail 2 

The BID aims to help businesses thrive during these developments by enhancing opportunities.