South Bank Business Improvement District (BID) has received official accreditation from British BIDs, the leading industry body for BIDs within the UK. British BIDs Accreditation is the industry recognised standard, externally assessed by independent auditors, including representatives from other BIDs and leading national businesses to ensure a BID adheres with the National BID Criteria and the National Guiding Principles.
The accreditation process includes assessing the BID on all its operations, including governance, financial arrangements, management policies and communications. The thorough review and assessment ensure best practice is being implemented across the BID’s work, and that the views of our levy payers are being incorporated throughout.
Chris Turner, Chief Executive Officer of British BIDs, said “South Bank BID is a relatively new BID that has just started its second term in October 2019. During the summer, they held their renewal ballot, achieving outstanding results demonstrating that the levy payers value the work of the BID. It is clear that the BID and its delivery partner (South Bank Employers’ Group) have good procedures and policies in place, takes pride in their staff management and communications and is open to regularly reviewing how they operate to maintain their performance.”
Nic Durston, Chief Executive of South Bank BID, added: “This is a great result, that follows our UK record 99% Yes vote in South Bank BID’s renewal ballot in June. The accreditation process is a comprehensive audit from leading industry experts in UK place-making and business, and recognises those BIDs whose structures and policies ensures impact and results for levy payers. There are well over 300 Business Improvement Districts in the UK now, and to be one of the very few that have secured this accolade is testament to the success of our ongoing work with our levy payers, partners, and stakeholders.”
The South Bank BID delivery team will collect the accreditation certificate at the British BIDs annual conference, on November 7th in Cambridge.