Being a levy payer to South Bank BID ensures that your business has a voice regarding issues impacting the local area, and its future.
A platform for South Bank Businesses
Representing businesses ranging from SME retailers to FTSE 100 companies, South Bank BID plays a vital role in advocating for business interests to many external organisations at a national and local level. The issues raised by our businesses have ranged from transport and security to infrastructure, and the BID has successfully engaged in dialogue with stakeholders including the Mayor of London and the Greater London Authority, TFL, the Metropolitan Police, Lambeth and Southwark Councils and various departments of central Government to highlight the opinions of our business members.
Many of South Bank’s businesses were hit hard by the 2017 revaluation of business rates, with average increases in bills of 35%. From research commissioned by the BID, this impact was identified as hitting restaurants, cafes, bars and hotels in the area hardest, with some suffering up to 200% rises. The success of these types of businesses are crucial to the general health and environment of the area. To mitigate this, South Bank BID, alongside other business interest’s groups, lobbied the Government to release additional funding to local authorities specifically marked to assist businesses.
As a result in 2017, Lambeth Council launched it’s Business Rates Support Scheme through which, with the coordinated help of the BID, over x businesses in South Bank received discounts awarded on their business rates bill. The BID similarly successfully lobbied Southwark council to apply borough-wide discounts to the 2017/18 bill.
South Bank BID continues to work with businesses in the area to lobby for the general reform of the business rates system, and to provide assistance with appeals where needed.
Give your feedback on developments in South Bank
The BID works to ensure organisations in South Bank are given full opportunity to respond with their opinions and shape future developments in the area.
In collaborating with local councils, governing bodies and project managers, the BID provides businesses with the chance to give their perspective on developments within the area and ongoing projects. This option is and has been offered to businesses through multiple different channels, such as online consultations, forums, public drop-in sessions, and specific business sector level consultations organised by the BID exclusively for South Bank businesses.