To ensure London Bridge excels as a leading place for global commerce and continues to develop as a pioneering local centre for enterprise, culture and entertainment.
HOW WE STARTED
In November 2005, rate-paying organisations based in the London Bridge - Tower Bridge area first voted to create a Business Improvement District (BID) and pay annual contributions towards a fund used for services, projects and events that benefit businesses and employees located in the London Bridge area. Towards the end of the initial five year term in November 2010, eligible businesses voted to continue the BID and its services in London Bridge for another five years.
HOW WE'RE FUNDED
The work of the London Bridge BID is funded by charging a compulsory annual levy on all businesses within the BID area that have a rateable value of £10,000 or more. For the 2015/16 financial year this levy has been set at 1.17% of a property's rateable value. This levy income totals approximately £1million per year with an additional £250,000 or so coming from external sources such as Southwark Council, the GLA, TfL and Network Rail (these are usually contributions towards specific capital projects). Importantly, these funds are re-invested directly back in to London Bridge to benefit our business community. More information on the BID levy is available here.
Business-led, fully independent and trading as a not-for-profit Company Limited by Guarantee, Team London Bridge was set up to manage the area and look after this fund. Information about our Board and Executive Team can be found here.
From 24th Sept to 29th Oct 2015 businesses will again have the opportunity to vote in a ballot to decide the future of the London Bridge BID. A 2016-21 BID Proposal will be available from July 2015. For more information on this ballot process please email firstname.lastname@example.org.
Take a look at our Activity Summary 2014/15. We operate on a principle of additionality meaning that our projects and services do not replace those already provided by the Council or Police. Our activities can be broadly grouped under several service headings:
Helping businesses with their Corporate Social Responsibility work with our Building Bridges programme as well as enhancing their environmental credentials with initiatives such as community recycling.
Safety and Security
We aim to make the London Bridge area as safe and secure as possible - and the perception of safety is just as important to us as crime statistics. Click here to find out more about our initiatives.
Providing an enhanced street scene through extra cleaning and greening initiatives, public realm upgrades and capital projects (Urban Links), improved signage and planning and development communications.
Place Marketing and Promotion
Our Place Marketing Manager works to raise the profile of the area and its businesses, both to visitors, local employees and residents, increasing trade and making the area a more vibrant, desirable place to be. Click here to read about this service.
We organise over 60 networking and information events for London Bridge-based businesses every year. These range from more formal, structured events to more informal social events. We also look to join forces with other membership networks in London to offer levy-paying organisations more opportunities to meet other businesses. Click here to view our events calendar.
Organisations who are liable to pay the London Bridge BID levy are entitled to become members and vote on company issues at Annual and Extraordinary General Meetings. To download the application form click here.