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Council supports proposed expansion of Business Improvement District inholborn

Date:   09/11/09

Camden Council is supporting proposals for the renewal and expansion of the business improvement district inholborn, which would double its size to include New Oxford Street and parts of St Giles and Bloomsbury.

The business-led organisation (inholborn) was created following a ballot in 2005. Over the last five years inholborn has delivered a range of initiatives, often in partnership with council services that have helped to reduce crime and disorder, enhanced the public realm, promoted environmental improvements, raised Holborn’s profile and offered additional services to businesses and their employees.

Councillor Andrew Marshall, Executive Member for Community Development and Planning, Camden Council, said:

“Over the past five years inholborn has led some fantastic work on behalf of businesses in the area, working in partnership with the Council and other agencies to reduce crime, improve the public realm and save businesses money. 

“The Council strongly supports the proposals for renewal and expansion of this successful business partnership, bringing in areas like New Oxford Street where balanced regeneration is vital to businesses and residents.”

Tass Mavrogordato, Chief Executive of inholborn said:

“Our aim is to enhance the southern area of the borough to become London’s destination of choice to do business in.  By expanding the BID area west we intend to support the on-going regeneration of Camden in partnership with the Council.  We expect to establish this area of central London as one of the greenest areas in any city centre, adding to the quality of life through innovative delivery and successful partnership working”.

inholborn proposals to expand would take in New Oxford Street and surrounding parts of St Giles and Bloomsbury. The new business improvement district (BID) area would be more than twice the current size and include the British Museum and Centre Point. 

Notes to Editors:

- BIDs are business led organisations set up to improve the commercial wellbeing of a specific area.
- BIDs are democratic bodies established through a formal ballot which must achieve a majority in terms of number of ratepayers and percentage of rateable value. They are funded through an additional levy on all defined ratepayers.
- inholborn is a not-for-profit company governed by a Board of Directors made up of representatives from local businesses and currently represents nearly 370 businesses within central Holborn.
- In February 2010 inholborn will seek a renewal and will ballot new businesses on proposals for expansion. inholborn are developing a detailed formal proposal following consultation with businesses which sets out their delivery plan over the next five years. Businesses in the area will then be balloted on whether to adopt this.   
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Ref Code:   PR1006

Page last updated Nov 9, 2009 4:55 PM
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