A BID operates in 5-year terms. Through mandatory business levies and voluntary contributions, the BID will raise over £20 million during its first term, which will fund a range of strategic and operational projects anchored by the ESG agenda.

The BID’s programme will focus on:

A Sustainable District

Our commitment to supporting the City of London Corporation’s strategy for achieving net zero by 2040. This covers everything from major public realm enhancements that seek to reduce vehicle congestion, improve air quality and increase the quantum of green space, to exploring area-wide renewable energy networks, lobbying for continued investment in our public transport system and providing businesses with the tools and knowledge they need to initiate their own positive change.

An Evolving District

Working patterns across the City have undoubtedly changed and in order for the commercial ecosystem to thrive we need to reach new audiences and diversify what this part of the capital has to offer. Working with key stakeholders we’ll be delivering a significant programme of cultural events and installations to enliven our public spaces and empty properties.

Our Community

Enhancing the experience of the Eastern City for our businesses, their staff and customers. This involves promoting our diverse retail, leisure and hospitality occupiers, providing additional street cleaning, supporting local charities/community initiatives, organising wellbeing events for staff and delivering a variety of projects around safety, crime reduction and resilience.

Promoting the Eastern City

This part of the Square Mile is home to over 80,000 jobs with economic output in excess of £11 billion per year – it’s recognised globally as a commercial powerhouse. To bolster this reputation, the BID works to position the area as a global pioneer, setting the blueprint for what’s needed in a world-leading central business district.

OUR BOARD

Nick Carty, Chair, AIG
Peter Woods, Vice Chair, DAIWA Capital Markets Europe Limited
Paul Sewell, Vice Chair, Cynergy Bank
David Cooper, Wells Fargo
Dominic Christian, AON Insurance
Florine Le Guilloux, AXA XL
Jo Scott, Aspen Insurance
Dan Scanlon, Brookfield Properties
Terry Blacker, Lloyd’s of London
Catherine Falconer, Accenture
Ruth Duston, Primera Corporation
Tim Hadingham (Observer), City of London Corporation
Ruby Raw (Observer), City of London Corporation
Matthew Waters (Ward Member Observer), City of London Corporation