Business Improvement Districts (BIDS)
Business Improvement Districts (BIDs) are defined commercial areas in which a levy is charged on all business rate payers to develop projects that help support business communities in that area. Improvements may include, but are not limited to, extra safety/security, reducing crime, increasing footfall, making the area look attractive, marketing, networking, events and environmental measures.
In RBKC, there are currently three BID areas operating and each of these has its own rules and is run by individual companies and not the Council. The BID areas are: Opportunity Kensington, King’s Road Partnership and Knightsbridge Partnership. The Council collects the BID levy on behalf of these companies who are then responsible for ring-fencing the money so it can only be spent on projects and services identified in the area’s Proposal and Business Plan.
If your property is in a BID area than you will have received a leaflet or a link to a leaflet with your BID bill from the Council explaining how this will run and what projects and services are in the pipeline. However, if you have not received this or need further details such as why your business is included, please contact the individual company running the BID in your area. The webpages and contact details for all three BIDs are shown below:
King’s Road Partnership
Paying Business Improvement District (BID) Invoices
The Council collects BID levies on behalf of Business Improvement District companies. The below are the bank details to make the payment to:
Sort Code 50-30-10
Please quote the 10 digit BID invoice number beginning with 8 with your BACS payment and email remittance advices to [email protected]
For any BID invoice related queries, please email [email protected] or call 020 7361 2088.
Last updated: 13 June 2023