Our vision is for Croydon to be one of the most vibrant, sustainable, welcoming and culturally diverse locations in south London in which to do business, work, live and visit. Croydon BID invests an average of £1m per annum on projects, services and initiatives that make a real difference to the needs of our business community and Croydon town centre.
In representing 500 business members, we have demonstrated our ability to deliver positive, practical, partnership led change. We have proved a strong independent business voice for our members locally, regionally and nationally as we advocate for lasting change.
Our community of 500 members are largely made up of businesses operating in the retail, hospitality, leisure and professional services sectors. All hereditaments (non-domestic rate paying properties) within the Croydon BID area with a rateable value of £40,000 or more are required to pay a 1% annual mandatory levy.
In October 2021, Croydon BID members voted overwhelmingly in favour for a fourth five-year term. The Croydon BID ballot results were: 92% by number and 95% by value (turnout of 54%) voting to retain Croydon BID.
We are committed to addressing the challenges the town centre faces with practical and innovative solutions, championing your interests on matters that most affect your business.
Our business proposal highlights how through the delivery of innovative projects and services, we will manage not just fundamental needs but also deliver activities that enliven and enrich our town centre.
Together, we are committed to delivering value to the area in order to build firmer foundations for sustainable economic growth.
The BID ballot is a vote conducted by the eligible businesses within the BID area on whether they would like to establish a BID. Croydon BID must receive a YES vote from the majority of our voting members in the ballot, both by number and by the total rateable value of those businesses who cast their vote.
In our last ballot, town centre businesses voted overwhelmingly in favour of Croydon BID continuing for a fourth Five Year Term, following a 31-day ballot conducted by Croydon Council Electoral Services.
The most recent BID ballot results are available to download below:
Levy paying Croydon BID members
Levy charge remaining unchanged for the past 10 years
Planned investment in to Croydon town centre, 2022-2027
Businesses by number voted in favour of Croydon BID