Croydon BID awarded industry national accreditation

Croydon Business Improvement District (BID) is pleased to announce that it has been awarded a Business Improvement District national accreditation for its high standards in management and governance.
The BID Foundation’s Industry Standards was awarded to Croydon BID in recognition of its standards of transparency and responsible governance, following an independent review process.

The BID Foundation, a group of over 70 Business Improvement Districts, has developed the Industry Standards for all BIDs with input from UK government and other national bodies.

The Standards highlight information and documentation that should be made publicly accessible and easily identifiable by every BID and are independently accredited by the Institute of Place Management.

In representing our 500 members, it is imperative for Croydon BID to clearly demonstrate high standards in our management and governance processes. The BID Foundation accreditation and its independent review provided a valuable point in time to ensure we continue to operate with the best interests of our members at its heart. We are therefore pleased to see that Croydon BID has received industry recognition and will remain committed to building on this success.
Matthew Sims, Chief Executive of Croydon BID

Introducing industry standards for BIDs was a recommendation of research into the BID sector and its development in the UK, published in 2020 by the Institute of Place Management.

This is a crucial piece of work to support BIDs. The Industry Standards further demonstrate the professionalism of BIDs that adopt them, and of the wider sector, which has stepped forward through the pandemic and now during recovery to provide support to thousands of local businesses.
Matthew Davis, Director at the Institute of Place Management and The BID Foundation

The Industry Standards are awarded following a review process conducted by The BID Foundation, which is delivered with the support of the Institute of Place Management, the professional body for place managers and leaders, based at Manchester Metropolitan University.

The BID Foundation members have begun adoption of the standards, which award a kite mark to display to levy payers and other stakeholders.

Find out more about The BID Foundation:

Find out more about the Industry Standards: