HammersmithLondon BID – widely thought of as one of the best Business Improvement Districts in the UK – is seeking another five-year-term to help reshape the area by delivering a host of diverse projects and initiatives.
In early 2016 they will be asking businesses to vote for a third successful term of the BID.
In 2006, organisations within the HammersmithLondon BID boundary first voted to make compulsory contributions via a 1% levy on their businesses rates towards a fund which would pay for extra local services and projects.The BID was reballoted, successfully, in 2011.
During the two terms the BID has invested c.£7million (actual and leveraged) in projects and services for the Hammersmith town centre to deliver what they describe as “a real step change in the environment”. They are now preparing for another reballot, and are reaching out to member businesses to help create a business proposal for the next five year term.
In February 2016, businesses will vote again to decide whether they want to continue for another five years with the projects and services provided by the HammersmithLondon BID.
The team is continuing to consult with BID members to find out what their priorities are and to outline the progress made to date, having consulted the businesses in the BID area between September 2014 – February 2015 to collect their ideas on existing projects and services as well as projects and services they would like to see in the next term.
The BID say the feedback so far suggests that most businesses like what they are delivering and would like the BID to continue to deliver more of the same, which aims to keep the area safe by keeping crime low; clean, green and a pleasant area to do business in; vibrant by promoting it as a place full of events and activities; and better connected for Hammersmith businesses.
This will help produce the Business Plan for 2016-2021, which should be ready for publication this month.