Coventry City-wide Business Improvement District

Early in 2007 a campaign that will benefit more than 2,000 businesses across the city was launched. The UK’s first-ever Coventry-wide Business Improvement District (BID). This pioneering initiative will cover companies of all sizes based on all business parks, industrial estates and industrial areas – such as Torrington Avenue in Tile Hill.

A BID allows companies in a defined area to work together to improve the environment where they work and trade by deciding what additional services they wish to pay for to improve their locality. A recent Home Office survey found that although domestic crime is decreasing, business crime is increasing and each business crime costs far more than each domestic crime. The same survey also discovered that co-operative actions reduce business crime by more than 50 per cent but individual company actions have little effect.

Coventry already has one BID covering mainly retail businesses in the city centre which is managed by CV One. The scheme has been hailed as an example for others across the country after having huge success in reducing crime and improving cleanliness in particular.

The city-wide BID will be managed by a new not for profit BID Company (Coventry Best For Business) with representatives from the business community, CV One, the Coventry and Warwickshire Chamber of Commerce and Coventry City Council on its board. Visit the Coventry Best For Business website for further details.

[City Centre BID]

[Back to BID's]

[Back to Activities]