The Evolution of Londons Business Improvement Districts June 2016 - - PowerPoint PPT Presentation

▶
the evolution of
SMART_READER_LITE
LIVE PREVIEW

The Evolution of Londons Business Improvement Districts June 2016 - - PowerPoint PPT Presentation

Mar 07, 2023 336 likes •491 views

The Evolution of Londons Business Improvement Districts June 2016 The Evolution of Londons BIDs 05/05/2016 Contents 50 BIDs and counting 5 in Camden; 2 in Islington; 8 in Westminster . . . Future of London and Rocket

slide-1
SLIDE 1

The Evolution of London’s BIDs 05/05/2016

The Evolution of London’s Business Improvement Districts

June 2016

slide-2
SLIDE 2

The Evolution of London’s BIDs 05/05/2016

Contents

  • 50 BIDs and counting – 5 in

Camden; 2 in Islington; 8 in Westminster . . .

  • Future of London and Rocket

Science report for GLA (March 2016) Download from http://bit.ly/ldn-bids

  • Where next for BIDs in London

and how can they support civil society in the capital?

  • Summary of key points from

roundtable facilitated by London Funders (May 2016) . . . , Potential connection with local place-based giving initiatives

slide-3
SLIDE 3

The Evolution of London’s BIDs 05/05/2016

BIDs in London today

slide-4
SLIDE 4

The Evolution of London’s BIDs 05/05/2016

  • Council funding cuts
  • Business rates

devolution

  • Localism agenda
  • 2017 rates revaluation
  • Crossrail supplement,

National Living Wage, Apprenticeship Levy

Wider context

Projected expenditure on services 2010-20 London local government (London Councils)

slide-5
SLIDE 5

The Evolution of London’s BIDs 05/05/2016

+ Promote a defined area + Attract additional resources into an area + Respond to issues quickly and with local knowledge + Represent businesses’ interests to local and regional government + Provide enhanced services

Strengths and Weaknesses

  • Can’t always demonstrate hard

economic impact

  • Don’t always have funds to

match ambitions

  • Lack of awareness of BIDs and

their impact

  • Less professional BIDs hamper
  • verall sector maturity
  • Transparency and accountability
slide-6
SLIDE 6

The Evolution of London’s BIDs 05/05/2016

+ Cuts could allow greater role as agents of economic development and regeneration delivery + Localism agenda could mean long-term role in place- making through Neighbourhood Planning + Reduce costs through more joint procurement and shared services

Opportunities and Threats

  • Local authority cuts leave

BIDs vulnerable to picking up services not in their business plan or skill-set

  • Additional levies could

compete for business revenue

  • Rates revaluation could

mean unsustainable hikes in businesses’ tax burden in growth areas

slide-7
SLIDE 7

The Evolution of London’s BIDs 05/05/2016

  • BIDs are:
  • Service providers
  • Incubators and catalysts
  • Conduits to businesses
  • Influencers and campaigners
  • Research agents & data repositories

What are BIDs currently doing?

5 10 15 20 25 30 Other (please specify) Employment initiatives BID area ambassadors Regeneration Place-shaping Business support Cleaning Local purchasing initiatives Environmental management Community safety Lobbying/advocacy Place marketing Events

Number of BIDs

BID Activity Areas

slide-8
SLIDE 8

The Evolution of London’s BIDs 05/05/2016

Current Projects and Future Roles

Crossrail 1 and 2

slide-9
SLIDE 9

The Evolution of London’s BIDs 05/05/2016

Current Projects and Future Roles

Employment and training

  • Job brokerage service providers
  • Supporting the London Living Wage
  • Area and sector-based

apprenticeship schemes

  • Developing pathways into higher

level skills/jobs for local people and increasing diversity

slide-10
SLIDE 10

The Evolution of London’s BIDs 05/05/2016

Current and Future Roles

Urban Planning and Regeneration

slide-11
SLIDE 11

The Evolution of London’s BIDs 05/05/2016

Current and Future Roles

Brokers of Civil Society Support A conduit for channelling companies’ CSR commitments

  • Acting as proxy CSR unit (for SMEs)
  • Enabling employee volunteering
  • Mentoring local voluntary/community
  • rganisations
  • Supporting local place-based giving

initiatives

  • Encouraging buy local initiatives
slide-12
SLIDE 12

The Evolution of London’s BIDs 05/05/2016

  • Transparency and

accountability

  • BID boards
  • Quality standards and

accreditation

  • Skills and training
  • Competition vs

collaboration

Challenges as BIDs evolve

0% 20% 40% 60% 80% 100% Other Resident/community group Voluntary and community organisation Police National business Local authority Local businesses

Board Representation

2012 2015

slide-13
SLIDE 13

The Evolution of London’s BIDs 05/05/2016

BIDs and London’s Giving

Current activity and future potential

  • Engaging BIDs in local giving initiatives (Islington;

London Bridge; Sutton . . . demonstration projects)

  • Combining information to identify and prioritise local

needs

  • Linking with Local Planning and Neighbourhood

Forums (at a hyper local level)

  • Enabling businesses to appreciate local issues
  • Connecting business resources and employees with

local community organisations (eg Better Bankside 3 years’ funding of 5-6 community partners)

slide-14
SLIDE 14

The Evolution of London’s BIDs 05/05/2016

The Evolution of London’s Business Improvement Districts

June 2016