The Victoria Westminster BID is a Business Improvement District covering an area of national significance in Central London.
The Victoria Westminster Partnership was originally established in October 2016 to help support and influence businesses to move forward with the ever-changing needs and aspirations for the area. The group was made up from landowners, developers, members of the local business community and key stakeholders such as Transport for London. Building on the success of the Victoria Business Improvement District there was significant interest from the business community to extend the footprint to cover a wider boundary. The Victoria Business Improvement District was the BID proposer of the Victoria Westminster BID and is a fully established BID now in its 3rd term.
In September 2018, The Victoria Westminster BID was formed after 83% of levy paying businesses voted ‘yes’ at the ballot, firmly endorsing the £5.6 million investment plan, aimed at ensuring the area reaches its full economic and cultural potential.
Local businesses in the Victoria Westminster BID voted overwhelmingly in favour of renewing the Victoria Westminster Business Improvement District (BID) for a second consecutive term in February 2023. Of those businesses that voted, 98% voted ‘yes’ at the ballot (99.8% by rateable value), setting a strong mandate for the BID to continue to deliver its ambitious strategic and operational improvements of the area.
The area is a key tourist destination which also houses the seat of Parliament and offers a variety of historic and cultural assets. The BID aims to create an area where businesses are keen to be located and which provides a safe, exciting environment full of energy for employers, employees, tourists and local residents.