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Team London Bridge: businesses vote on future of BID

Firms in the London Bridge area are this month voting on the future of their business improvement district (BID).

Team London Bridge: businesses vote on future of BID
The new 'pocket park' outside the Greenwood Theatre is one of the projects backed by Team London Bridge in recent years

Team London Bridge was established a decade ago and is now seeking its third five-year term.

Businesses in the area between London Bridge and Tower Bridge pay a levy on their business rates to fund extra local initiatives to make the neighbourhood a more attractive place to do business.

BID arrangements are renewed in a ballot every five years.

If the ballot is successful, the London Bridge BID will be expanded to include the Guy’s Hospital and King’s College London campus, with the south-western corner of the BID area moving from St Thomas Street to Newcomen Street.

"The Team London Bridge board and executive team very much value the support and involvement we receive from BID member businesses on a daily basis," said James Dinwiddie, chair of Team London Bridge.

"Beyond anything else, that is why we are seeking members’ support for the BID to continue for a third five-year term and are confident that the services outlined in the business plan will make a significant contribution to the further success of London Bridge."

Team London Bridge's priorities for the next five years include integrating the new London Bridge Station with its surroundings and representing the business community in the planning process.

Eligible businesses receive their ballot papers by post at the end of last month. They have until Thursday 29 October to cast their vote and the result will be announced on Friday 30 October.

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