Member Article

£8 million plans to regenerate London’s Victoria unveiled

The Victoria Business Improvement District (BID) has announced proposals to raise £8 million through a levy on local businesses to regenerate London’s Victoria district.

The Victoria 2020 Business Plan, which plans to introduce more public art and cultural attractions in the area, will focus on brokering local employment opportunities.

The Victoria BID, which was established in April 2010, will ballot businesses next year at the end of the first five-year term to find out whether the group has the support to continue for another term.

Ruth Duston, chief executive of the Victoria BID, told the BBC: “From running programmes to find jobs for local people and supporting small businesses, to improving the public realm and hosting world class cultural events, the BID’s focus is on creating the very best environment for businesses to thrive.”

Mark Field, MP for Cities of London and Westminster said: “At a time of continuing austerity in the public sector, the private sector arguably has a bigger and more ‘public’ role to play than ever before in order to create the most suitable environment for economic growth.

“This is where BIDs really show their value.”

This was posted in Bdaily's Members' News section by Ellen Forster .