The Victoria Business Improvement District (BID) is a business-led and business funded body formed to support economic growth in Victoria and to create a vibrant destination for those who work, visit or live here.
Over the next decade, more than £4bn worth of investment will unlock in excess of 3m ft² of new office, commercial and residential space in Victoria. The scale and calibre of this development is unprecedented in the history of Victoria and exceptional in a central London location.
Victoria’s transformation will see an increase of approximately 147% in new public space. The £700m upgrade of Victoria Underground Station is Transport for London’s biggest since King’s Cross Station. It will increase capacity by up to 50% alongside Network Rail’s Mainline Station improvements to London Victoria Station. Key to these developments is creating a public realm that allows people to move seamlessly about the area.
It is of critical importance that visionary organisations play a strategic role in supporting the local economy and communicating transformation to other local businesses. Thriving local economies are at the heart of a competitive UK economy and cities need development to meet their potential – from the connectivity of transport links to the quality and sustainability of residential and commercial property. Responsible business can help shape this vision, partly through strong Business Improvement Districts.
We believe the Victoria BID is uniquely placed to help facilitate a holistic approach to creating a strong, identifiable vibrant Victoria through working with influencers across the private and public sectors and bringing them together.
Over the next five years, we will deliver against the five work programmes determined by our business partners: Clean and Green, Safe and Secure, Sustainable Prosperity, Destination Victoria and Public Realm.Top