Plans for new Business Improvement Districts (BIDs) are being investigated for Putney and Wandsworth Town centres.
Businesses in the defined ‘BID’ areas are now shaping their town centre business plans through a consultation. Rate-paying businesses will then vote on adoption of the plans and the levy to fund its delivery.
Business plans will be finalised after the consultation closes on August 22, then they will be asked to vote in a ballot between 4 November and 1 December to determine whether the BIDs go ahead.
Wandsworth Council business spokesman Kim Caddy said: “There are currently around 50 BIDs in London and the number is growing. They give business communities a strong voice and focus on tackling the core issues affecting local trade in a way that wouldn’t otherwise be achievable”
“The draft business plans for Putney and Wandsworth Town include very positive proposals, identified through consultation with businesses, like town centre marketing campaigns and investing in additional street cleaning and measures to address parking and crime. These initiatives would all be in addition to the existing public services provided by the council, police and other local partners.”
The proposed Putney BID would raise £1.3m over five years. In Wandsworth Town £970,000 would be raised over the same period.