Benefits of BID loan fund

Benefits to Westminster

BIDs can deliver a better environment for Westminster’s commercial centres and help boost the local economy by supporting business communities.

The funding is used to implement the projects prioritised by the business community in the BID business plan.

This may include initiatives like masterplanning, marketing, promotion and events, town centre management, physical improvements to the town centre and additional street cleaning, waste collection and recycling.

While BIDs are business-led, they benefit those working, living and visiting the area. They make Westminster cleaner and safer, reduce traffic, support local people into employment and develop relationships with local residents groups (including having seats on neighbourhood forums).