InStreatham BID Celebrates another term
Photo credit - Susanne Hakuba
Image credit – Susanne Hakuba
InStreatham Business Improvement District has been successfully voted in for another 5-year term
The results of the Business Improvement District’s (BID) renewal ballot were announced on Friday 10th February, with 80% of votes in favour of another term for InStreatham.
The InStreatham BID has been supporting Streatham’s businesses for the last 10 years, and over the next 5 year term the BID proposes to increase the attractiveness and appeal of Streatham as a commercial destination, to future proof the town centre, attract inward investment, and continue tackling the day to day issues that affect businesses. This will be done through the pillars of: Future Streatham; Celebrate Streatham; Destination Streatham; and Sustainable Streatham.
InStreatham BID has played a substantial role in delivering the council’s emergency response to the Coronavirus pandemic crisis and has also made significant steps in supporting the council’s Climate Action Plan – investing in schemes to support businesses to decarbonise, such as greening all events, supplying a free to use electric cargo bike for business deliveries, free recycling schemes, and a Plastic Free Streatham campaign. The result is a testament to the BID’s work to date and demonstrates the ongoing commitment of its members.
Business Improvement Districts (BIDs) are a vital part of Lambeth’s business support ecosystem, with seven established across the borough. Details of the BIDs are available on Lambeth.gov.uk.
BIDs are not-for-profit business-led organisations funded via a levy on eligible businesses within the BID. This levy is then reinvested to provide additional or improved services.