Business Improvement Districts and Business Partnerships
Business Improvement Districts (BIDs)
The City Corporation is the BID Proposer and BID Body for two established BIDs in the City, the Cheapside Business Alliance and Aldgate Connect BIDs. The City Property Advisory Team works closely with the business and property owner community to support ongoing regeneration of their areas. Each area is distinct in terms of its character and needs and the City Corporation seeks to engage with the business community in the area to initially establish business partnerships as a precursor to a formal BID being promoted. The are currently two business partnerships established, the Fleet Street Quarter and EC Partnership which are seeking to move forward to formal BID status in 2022.
City Property Association (CPA)
The CPA is an independent not-for-profit advocacy group. It brings together property owners, investors and professional advisors in the City of London in order to inform policy and drive the economic prosperity of the City as a diverse and dynamic business district.
The CPA partners with the City of London Corporation to commission research, share market intelligence and represent their members’ interests in a collective voice.
The London Chamber of Commerce (LCCI)
LCCI is the capital's largest and most diverse networking and business support community. We champion London and represent the interests of London businesses, creating thousands of connections every year and offering our members a wide range of practical services.
Property and Construction is one of LCCI’s core sectors. We leverage our extensive network, expertise and Property and Construction Committee to address key issues affecting the industry and support business growth in the capital.
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Aldgate Connect BID
The Aldgate Partnership was established in 2014 under the steerage of the City Property Advisory Team to maximise the economic benefit and regeneration for the new and flourishing Aldgate community. In April 2020, the partnership became the City’s latest business improvement district under the new name – Aldgate Connect. The Partnership’s key areas of focus include: destination marketing, crime prevention, business safety, corporate social responsibility (CSR) and enhancing public spaces.
Cheapside Business Alliance (CBA) BID
The Cheapside Business Alliance (CBA) is the City’s first Business Improvement District, developed by the City Property Advisory Team in 2015 to make Cheapside one of London’s leading retail and business locations. Guided by the local business community, the CBA focusses on environmental and corporate social responsibility projects, business networking, large-scale public events and marketing and tourism. The Cheapside Business Alliance has recently completed a successful re-ballot process and is now starting its second term from 2020-2025.
Fleet Street Partnership
The Fleet Street Partnership has been developed by the City Property Advisory Team working with businesses and landowners in the area to provide a future vision for Fleet Street. The key priorities include enhancing the area’s retail and leisure offer, improving traffic congestion for pedestrians, developing a business community and developing a brand identity for Fleet Street. The Partnership was formed in May 2019 with the aim of eventually progressing to BID status.
The Eastern Cluster Partnership
The tall buildings area of the City, referred to as the Eastern Cluster, is undergoing massive change with eight million square feet of new floor space planned for an estimated 70,000 additional office workers over the next ten years. To maximise the benefits of this rapid development, a voluntary partnership was formed in July 2019. The Partnership is currently looking at security and resilience, transportation and pedestrian movement, freight consolidation, identity and branding and also diversification of the business base.