About Penge SE20 BID
A BID is a business led company, empowered under government legislation, funded by a levy on businesses within a defined geographical area, in this case, around central Penge.
The BID aims to improve the local business environment and provide extra services for the benefit of those businesses and the community. The BID is there to provide services over and above the baseline services provided by the council and top of the list is safer streets and crime prevention and the marketing of Penge Town centre.
The BID is also looking at developing bulk purchase agreements for the business community that will bring potential cost savings on utilities waste management and communication bills.
The goal is for Penge to become an even more desirable area to live and so the end result is win-win.
To read about the plans for Penge see ‘Penge SE20 BID Business plan’ (available as pdf)
To see the area covered by the Penge BID please view the map
What is a BID?
A BID is a business led and business funded organisation. With over 260 BIDs across the UK, they are an effective method of delivering town and city centre management in your location.
Bromley Council have some more information should you wish to learn further about Business Improvement Districts