Brompton Road – new Business Improvement District
A partnership between Westminster, RBKC and local businesses led by Cadogan, saw 90% vote in favour of the BID.
The new Business Improvement District will result in £6 million of new private sector investment in the Brompton neighbourhood over five years – to help recovery from the impact of COVID-19, upgrade the public realm, improve traffic management, enhance the local environment and promote the district. The BID went live at the beginning of this month.
Hugh Seaborn, Chief Executive of Cadogan Estate and Chairman of the Brompton Road Partnership said “This is a great result for the Brompton Road. The BID will act as a voice for businesses and a catalyst for much needed improvements which will benefit everyone who lives and works here. The BID will work in partnership with our two local authorities, who have been supportive throughout, the Mayor and local resident and amenity groups to help secure a vibrant, viable and sustainable future for Knightsbridge.”
The Brompton Road BID is situated in both Westminster City Council and Kensington and Chelsea. It is the first BID in Kensington and Chelsea.
Cllr Elizabeth Campbell, Leader of Royal Borough Kensington and Chelsea, said “As our first Business Improvement District in the borough, the creation of the Brompton Road BID marks a really exciting time of change and growth for our business community. With two other BIDs in the pipeline for Kensington High Street and King’s Road, we want to continue supporting the future of our fantastic local high streets.”
Welcoming the result, Cllr Rachael Robathan, Leader of Westminster City Council, and a local ward member said “The Knightsbridge International Centre is a major draw for visitors and investors, providing jobs and boosting London’s economy. We look forward to working with the new BID to help the area recover from COVID-19 and retain its position as a global destination.”
For further information see www.bromptonroadbid.co.uk