Benefits to Westminster
BIDs are improving the environment for Westminster's commercial centres and helping boost the local economy by supporting business communities. They are also taking an increasing role in place leadership, stewardship, and driving local economic growth. Westminster's BIDs generate significant additional investment in Economic Development and Place Shaping.
The funding is used to implement the projects the business community prioritises in the BID business plan. This may include initiatives like:
- master planning
- destination marketing and inward investment
- promotion and events
- town centre management
- physical improvements
- 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 in finding employment, and develop relationships with local residents' groups (including having seats on neighbourhood forums).