George Grace was BID Director during the creation of the Paddington BID - one of the first BIDs to be established in the UK, it has operated since April 2005 working to make the area more attractive, safer, greener, better marketed and represented. The BID was renewed following a ballot of businesses in October 2008 and began its second term in April 2009.
The BID is funded through a small levy on 350 local businesses with a rateable value of more than £15,000 (based on the current Ratings List). This raises over £500,000 each year which, with additional voluntary contributions from companies and landowners who support the BID's objectives, has raised over £2 million so far to spend in Paddington. The BID was renewed following a ballot of businesses in October 2008 and began its second term in April 2009.
Paddington BID delivers projects which bring more customers to the area and encourage tourists to stay and spend their money locally. It works to re-position Paddington as a leisure destination and eating-out quarter, surrounded by a strong commercial and residential environment. Whilst the BID is creating a step change in people's perceptions of Paddington it is also about building a strong business voice for the area.
The Paddington BID has delivered a range of projects and services for the area over the past five years, working to key themes:
The BID is delivered on a day to day basis by Paddington Waterside Partnership, who employ the BID team and chaired by members of the business community.
Our Work >