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.
The last decade has seen the most significant transformation in the area since the Victorian era. New commercial occupiers, transport infrastructure upgrades, cultural phenomenons, fashionable arrivals and much more have led to Victoria emerging as a leading destination in the capital. No longer dominated by Government offices, and with an improved retail, restaurant and cultural offer, Victoria is a vibrant and exciting place to work, live or visit.
Today, over 25% of people arriving in Victoria Station remain in our BID area; an area which now supports some 43,000 jobs and offers a genuine mix of places to work, live and relax. Victoria also makes an important contribution to London’s economy and the wider UK, by generating some £3.1billion in GVA and contributing some £105million in business rates to the Exchequer every year.
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 four work programmes endorsed by our business partners: Destination Victoria, Inclusive Economy, Public Realm & Greening and Security & Business Resilience .Top