The Victoria Westminster BID is a business collective working together under the guidance of the Victoria Business Improvement District. Primera Corporation Ltd, the expert regeneration consultancy, was appointed to create the BID towards the end of 2018.
The benefits of a business improvement district are clear to see with 55 BIDs in operation across central London and over 300 within the United Kingdom. The Victoria Business Improvement District is the BID proposer of the Victoria Westminster Partnership and is a fully established BID now in its 2nd term.
The Partnership has been established since October 2016 to help support and influence businesses to move forward with the ever-changing needs and aspirations for the area. The group is made up from landowners, developers, members of the local business community and key stakeholders such as Transport for London. Building on the success of the Victoria Business Improvement District there was significant interest from the business community to extend the footprint to cover a wider boundary. The creation of the Partnership will meet the needs of the business community who sat just outside the original boundary and we will endeavour to create the same sense of place and opportunities for the future within the Victoria Westminster Partnership.
The area is a key tourist destination which also houses the seat of Parliament and offers a variety of historic and cultural assets. The Partnership would like to create an area where businesses are keen to be located and which provides a safe, exciting environment full of energy for employers, employees, tourists and local residents.
There has been significant redevelopment in Victoria and we are now seeing the benefit of these developments coming on stream; there are further exciting large developments underway such as the redevelopment of the old New Scotland Yard premises and the development of Buckingham Green which will bring more opportunities and an even further offer to those already using the area and attracting more people to “work, rest and play” here.