B11: Regeneration through Business
Can businesses deliver sustainable regeneration? The answer may lie in the introduction of Business Improvement Districts (BIDs), a US-derived concept, whereby local businesses agree to pay an additional tax which is then spent on the public realm. Five pilots have been set up in London with more about to be set up around the country.
This Bulletin will look at the discussions within the press on the anticipated impact of Business Improvement Districts and the ability of the business community to deliver positive local change.