Business Improvement Districts
The question
To ask the Secretary of State for Housing, Communities and Local Government, what discussions her Department has had with local authorities on the potential impact of Business Improvement Districts on levels of local business investment.
Answered by Alex Norris
The Government recognises the important role Business Improvement Districts (BIDs) can play in improving the local trading environment and attracting investment to their area. We frequently engage with local authorities and BID membership bodies such as, British BIDs and Association of Town & City Management, to keep informed about the performance of BIDs, including the investment they attract external to the levy.
We are keen for BIDs to continue to be leaders in the regeneration of their area and we encourage BIDs to work in partnership with their local authority to deliver growth in their local area.
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