The Croydon BID Renewal is the process that allows Croydon Business Improvement District (BID) to continue supporting local businesses and the town centre for another five-year term (2027–2032).
Since a BID can only operate for a maximum of five years at a time, renewal requires a consultation with levy businesses and a vote by all eligible levy payers. The consultation gathers feedback on what’s worked, what could improve, and what priorities businesses want Croydon BID to focus on in the next term. If a majority of businesses vote “yes,” Croydon BID will continue delivering vital projects, services, and investment in the town centre.
Without a “yes” vote, all Croydon BID services and initiatives will end in March 2027, including around £5 million of investment over the next five years that supports safety, cleanliness, events, marketing, and business engagement across Croydon town centre.