Big city BIDs and their role in regional economies

Source: Office for National Statistics

by Prof Cathy Parker

I was recently invited to give a keynote speech at the Annual General Meeting of Leeds Business Improvement District (LeedsBID) which is a business-led, not-for-profit, non political organisation that networks over nearly 1,000 business and organisations and raises over £2.4m per year of additional income to invest in the city. And Leeds is doing very well. Footfall is up, investment is up, the local economy is buoyant.

But cities have always been agglomerators of key industries, infrastructure and jobs. They accommodate important services and facilities in a spatially-efficient manner.  Not every town or city can have its own banking sector or its own airport etc. It makes sense to strengthen our cities because they need to serve a wide geographical catchment.  Continue reading “Big city BIDs and their role in regional economies”

Why we have established The BID Foundation

BID foundation
Image: https://www.leedsbid.co.uk/leeds-city-culture

By Andrew Cooper*

January 2018 saw the launch of The BID Foundation, which I believe is an important and fundamental step in addressing the needs of Business Improvement Districts in the UK. The first BID was established in Kingston in 2005, and as BIDs have matured and taken on new activities as well as growing to now operate in nearly 300 locations, there are new challenges emerging. The BID Foundation, an industry-led body being supported by the Institute of Place Management, has been formed to provide strategic direction and practical support to help the sector respond to these challenges and move forward. When BIDs started in this country they were focused primarily in town centres and addressed issues such as cleanliness and safety, place promotion and marketing as well as business support. The economic changes of the last decade, the decline in public sector funding that is available, the growth of online shopping, changes to how we seek entertainment, new security issues, and enhanced consumer expectations about the places they spend time in, are all impacting on the role of BIDs.

Continue reading “Why we have established The BID Foundation”