BID News

Businesses across Beddington Industrial Area have joined forces to form the Beddington BID Steering Group.  Key stakeholders in Beddington Industrial Area that are leading and championing the BID development include Thames Water, Viridor, Jewson, DHL, PF Whitehead and Hydro Cleansing.

Working in partnership with London Borough of Sutton the group of committed and passionate local businesses will work together to develop a Business Improvement District (BID) where all businesses have a stake in the industrial area’s future.  With more joined-up action, businesses can work together to create a five-year business plan of projects and improvements that will benefit all.

Through the work of the BID there are opportunities to revive Beddington Industrial Area, for businesses large and small to work together with a focus and common goal of putting Beddington, its people and its businesses first.  If the BID is supported by businesses, Beddington Industrial Area could benefit from £1.25 million of investment over the BID term 2015 – 2020.

From January 2015 the BID Steering Group will meet monthly to make key decisions during the project development.  Michelle Baker, BID Development Manager encourages all businesses to get involved in the business consultation and give their views; “This is a fantastic opportunity for businesses to work together and create a five year business plan of improvements from landscaping to increased Policing, security measures, create a brand and an identity for the industrial area and even install super fast broadband.  Ultimately it is for local businesses to decide”.

With close to 200 Business Improvement Districts already established across the UK they are the tried, tested and successful models of businesses working together and managing their own town centres and industrial estates.  They are funded by businesses paying between 1% – 2% of their rateable value; in Beddington this would be 1% which for the smallest businesses would cost £20 per annum and half all business would be contributing an average of £190 per annum.

BIDs have proven to reduce crime levels, vacant unit levels and make areas more prosperous and competitive.  For more information please contact Michelle Baker on Tel 07527 016 338.