The Blue Bermondsey Business Association (BBBA) are group with a long history in campaigning for local businesses in the area with the aim; to bring long term benefits to local businesses, with consideration of also benefiting the local community within the location.
The BBBA were to prove very effective in attracting investment from the council into the area, most notably the improvements to the Southwark Park Rd and regeneration of the Market Place as well as being successful in raising the profile of the area within the Council and the wider community.
The BBBA became aware of the BID Cluster Study, a report commissioned by Southwark Council to assess smaller locations across the borough, which could feasibly adopt the BID model.
The findings of the study concluded that because of its strong business links, there was sufficient interest in a BID for the Blue Bermondsey area. Based on this evidence the BBBA began to explore the possibility.
BBBA meet with Cllr Fiona Colley (Lead Member for Corporate Strategy and Regeneration) regarding the formation of a BID, Cllr Colley reports that the Council would be supportive.
After many ongoing meetings and discussions with the Council and relevant bodies the BBBA considered it viable to develope its plans for a BID and established a timetable and budget for a possible BID ballot.
Extensive research by the BBBA follows and in June BBBA is successful in securing £30,000.00 in funding from the Councils Community Restoration Fund to develop the BID initiative further
The Blue Bermondsey Business Association BID Steering Group is constituted to continue research and develope formal BID proposal documents and BID arrangements
BID specialists, The Means are engaged to support the process of establishing a BID and to help shape a formal BID Proposal. Consultation was ongoing with the Council and relevant bodies to access data and information to ensure the plans complement and enhance existing council strategy and policy, particularly those relating to the environment, planning and economic well-being.
BBBA commission a business survey to gauge possible interest in a BID. 100 businesses are engaged with 88% in favour. Survey also indicates that community safety, public realm, recruitment, procurement, and marketing of the area were issues of concern to businesses. A range of areas are identified as sufficiently covering the key business hubs and a definitive BID area is agreed and a database of businesses compiled.
BID modelling is completed and after over three years of thorough research and consultation the findings and other relevant data were forwarded to the council for consideration. Council approval given.
To comply with Government BID Regulations Act 2004, BBBA research, findings and Notice of intention to request a ballot are sent to Southwark Council and secretary of state for Communities and Local Government, requesting permission to hold a ballot.
BID proposal circulated to eligible businesses, BID ballot campaign launch event held in conjunction with Blue Bermondsey Arts Week at TriSpace gallery in the Biscuit Factory
Official 28 day BID Ballot begins and ballot papers are sent to all eligible businesses to vote yes or no to the proposals
Ballot result declared on 4th July with 89% of votes cast, voting yes for the Blue Bermondsey Business Improvement District