COMMUNITY IMPROVEMENT DISTRICT
(BID 3.0)

A Business Improvement District (BID) is a geographical area in which the local businesses have voted to tax themselves to fund improvements. This same concept could be applied to residents to create a “Resident Improvement District” or combined with a BID to create a “Community Improvement District” for residents and businesses.

The BID model has proven to be effective at creating a shared vision for an area and funding its delivery. In an era of reduced council funding a “Resident Improvement District” would help people organise, ensure fair contributions, and deliver a shared vision for the community.

Existing Neighbourhood Forums could undergo the balloting process to ensure a steady funding stream, allowing them to take on dedicated staff and reduce their reliance on voluntary time contributions. “Community Improvement Districts” would allow businesses and residents to work together to achieve a joint vision for the area.

• Central Government
• Neighbourhood Forums
• Business Improvement Districts
• Camden Council
• Camden residents
• Local businesses

• Investigate previous process to achieving Property owner BIDS in 2014 and assess learnings.
• Convene a workshop with Improvement District stakeholders and define desirable proposal for BID 3.0.
• Work with policy experts, community representatives and local businesses to prototype governance and regulatory framework.
• Formalise proposal and work with local and central Government to test.

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