Listening to the community
Although by their nature BIDs are business led and business funded, many BIDs recognise the inherent value and importance of working closely with all parts of the local community. The Culture Mile area benefits from having a diverse mix of businesses and vibrant residential communities: the largest concentration in the whole of the Square Mile. Residents are important to us, and the Culture Mile BID is committed to working with residents, community groups and other local stakeholders, with a view to embracing the collective drive and ambition this sort of partnership working can deliver.
The legislation that governs BIDs does not give residents a formal vote in the ballot, nor do they pay into the BID, however this does not mean residents won’t have a voice or benefit from the existence of the BID – quite the opposite. The Culture Mile BID started the dialogue with residents, ward members and other community groups and we will continue to develop new ways of working, which will be implemented throughout the BIDs term.