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InStreatham

A voice for business. A vision for the community. A future together.

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What is a BID?

A not-for-profit company created by local businesses for local businesses

Business Improvement District

A Business Improvement District (BID) is an influential, independent voice representing the interests of businesses. 

Businesses within a defined BID area vote in a ballot where they agree to pay an additional levy on top of their business rates to fund projects which promote the BID area and contribute to business benefits and support. The levy paid per business is based on a small percentage of their rateable value. 

BIDs are business-led and business-funded not-for-profit organisations. They provide a wide range of additional services to BID members but do not replace existing council-funded services. 

These extra benefits are aimed at vastly improving the quality of the area for the businesses, visitors and employees within it as well as improving attractiveness to new investors.

This can include projects such as hanging baskets and street cleaning as well as crime reduction programmes, events, marketing, networking and inward investment initiatives. These services are paid for and directed by the businesses within the designated area. 

Every five years businesses in the BID area vote for the continuation of the BID and if they vote yes, any occupiers within the BID become members for the duration of the next 5-year term.  

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InStreatham complies with the BID industry Minimum Standards.

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News and Updates

  • Energy Consumption and cost support
  • Spring Budget 2023
  • Wayfinder Business Help Series and Cost of Doing Business Hub
  • Opportunity Lambeth: Lambeth Council’s Free Recruitment Service
  • InStreatham BID secures third term

Contact Details

Hideaway Workspace
1 Empire Mews
Streatham SW16 2BF

020 8835 7067

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