BID Proposal

A £2.5 million investment plan to champion Hatton Garden businesses has been published, with ambitions to enhance the area’s iconic status and harness commercial opportunities like Crossrail.

“The BID offers local stakeholders an outstanding opportunity to invest in a better future, enabling all sectors to benefit from the improvements and the predicted commercial growth of the Hatton Garden area I would encourage all to seize this fantastic opportunity.”

Gary Williams, Chairman of the Hatton Garden BID

The Hatton Garden BID has published its ambitious Business Plan, ahead of the ballot of local businesses this summer. If a majority of businesses support the proposals then the BID will go ‘live’ this October and run for a first term of 4.5 years. 

The BID’s aim is to support business growth and see Hatton Garden grow as a world-renowned business and visitor destination through amplifying the revitalisation of the area, enhancing its iconic status as London’s famous jewellery quarter and developing the experience of working, living, doing business and visiting the area.

 

Copies of the Business Plan have been sent to all eligible businesses that will have a vote in the ballot.

Better connected and represented

The BID would help Hatton Garden develop as a business location, providing support to help businesses grow and encourage the new wave of talent. A BID would bring businesses together, large and small, to facilitate networking and engagement opportunities, all with the aim of improving the business environment in Hatton Garden ​and highlighting the benefits of sharing expertise and resources. ​

Enhanced environment

Well maintained public realm is a strong reflection on the surrounding business community and imperative in making people feel welcome, safe and proud of their area. By 2017 central government cuts will have almost cut Camden Council’s budget in half, meaning that business improvement districts like Hatton Garden will need to lobby harder and work more efficiently to keep areas well maintained.

High quality public realm

Business Improvement Districts across London are now having a big influence on how public spaces across London are managed - and this is more than just thinking about hanging baskets and bits of token green space. Working with the local business community, BIDs can identify areas for improvement, create and deliver enhancement strategies and engage decision makers and investors to deliver significant changes to the public realm which will benefit all users of this area.

Area promotion and profile raising

Hatton Garden has been London’s jewellery quarter since the late 19th century and now it is also home to a growing range of creative and media businesses. A BID for Hatton Garden would help re-establish a clear and compelling brand offer for Hatton Garden, utilising media, events, stakeholder engagement and other communication channels to tell the modern Hatton Garden story and celebrate its fascinating history. Ultimately the aim is to drive additional footfall to the area and develop Hatton Garden as a business and visitor destination. ​

Contact

Please contact the team on info@hattongardenbid.co.uk or 020 3817 6294 to find out more.