In a huge boost for the London Bridge economy, local businesses have voted to continue being part of Team London Bridge, the multi-award-winning Business Improvement District (BID), and invest in excess of £11 million directly into local services between 2026-31.

BID member organisations voted in favour of a proposal packed full of services optimised towards making London Bridge a great place for business. This was built around priorities identified by businesses themselves earlier this year, including making London Bridge the safest night out in the capital, improving healthy and active public spaces, being more resilient to climate change, and supporting businesses to have greater social impact and give back locally.

In a strong show of support for Team London Bridge, a resounding 97% voted in favour by number of votes cast, with a turnout of 72% of eligible businesses.

During the ballot process, businesses emphasised the need to strengthen commitments to area safety, making it clear that retaining Team London Bridge’s two BID-funded police officers was essential to keeping staff and customers safe. This ballot result means that London Bridge businesses will maintain their relationship with the Met and British Transport Police via Team London Bridge over the next five years.

Partnership in tackling climate change was also flagged as important, with businesses reiterating their commitment to sharing the responsibility for helping the area hit Southwark Council’s 2030 net-zero targets, working with Team London Bridge on a variety of sustainability projects.

The projects delivered between 2026-31 will build on 20 years of strong local partnerships instigated by the BID team and directed by a  voluntary board made up of 10 local representatives.

Team London Bridge Chief Executive, Nadia Broccardo, said: “Businesses now have a much clearer understanding of the value a BID adds, over and above what’s provided by the local authority or landlords. They’ve backed the opportunity to shape and strengthen what we do, from making London Bridge a healthier, more sustainable place to work, visit and live, to investing in safety and resilience. Over £11 million of funding over the next five years will help to keep London Bridge thriving and open the door to even greater investment.”

Simon Howell, Team London Bridge Chair, said: We are delighted for London Bridge and our BID membership. Team London Bridge has proven its worth to our business community over nearly 20 years, working with partners to make it a place to come to, instead of through. The BID’s projects and services are delivered by a small but effective team, under the guidance of a Board who give their time for free, delivering outstanding value for money for businesses. Thank you to them and everyone who played their part in returning this outstanding result for our community’.

The BID levy collected is ringfenced and only spent on local projects outlined in Team London Bridge’s five-year plan. The plan focuses on six priorities voiced by the business community in London Bridge, namely to:

Be Safe – Make London Bridge the safest night out in London, creating a secure and welcoming environment day and night.

Be Local Consumers – Champion local businesses by providing exclusive offers and curating creative promotions that drive footfall and spending.

Be Supportive – Help businesses give back by connecting them with volunteering, pro-bono, and community support opportunities.

Be Resilient to Climate Change – Lead the charge towards a Net Zero business district through the London Bridge Net Zero Routemap.

Be Adventurous – Inspire employees to discover new activities and experiences through creative events, bringing fresh energy to the local community.

Be Healthy and Active – Prioritise green, people-friendly streets that make walking and cycling the easiest choice for getting around.

Team London Bridge’s full five-year plan can be viewed at www.teamlondonbridge.co.uk/ballot