BID Updates

Bristol City Centre BID achieves the BID Foundation Industry Standards accreditation

08/11/2023

 

Bristol City Centre BID has been awarded the esteemed The BID Foundation Industry Standards kite mark. We are thrilled to become a part of the expanding community of Business Improvement Districts (BIDs) that have secured Industry Standards accreditation by demonstrating the high standards of aspects including their business plans, governance mechanisms and reporting.

This recognition comes after a thorough independent review process, which underscores our commitment to transparency and best practices. The review process is 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, 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.

Matthew Davis, Director at the Institute of Place Management and The BID Foundation, said:

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.

Vicky Lee, Head of Bristol City Centre BID, said:

I am delighted to share Bristol City Centre BID’s national accreditation, recognising our commitment to high standards and our dedication to enhancing our city centre. As a member of the BID Foundation Board, I'm eager to mentor and support other BIDs on their journey to attain this prestigious accreditation.

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