Bromley businesses back the BID

Businesses in Bromley Town Centre have voted overwhelmingly in favour of a third term for Your Bromley Business Improvement District (BID).

Following a four-week postal ballot, businesses representing a combined Rateable Value of £17,210,000 cast their votes, 97% of which was in favour, with 94% voting in favour by number of businesses.

The third BID term will commence on 1st April 2026 and run until 31st March 2031 delivering an investment of approximately £3m in Bromley Town Centre.

Your Bromley Chief Executive, Chris Travers, said, “We’re delighted to have received such strong support from our business community. The result reflects businesses’ ambition for the Town Centre and we’re looking forward to working together, in partnership with stakeholders, towards the betterment of Bromley.”

Established in 2015 as a not-for-profit company limited by guarantee, the BID’s range of projects includes business crime reduction, inward investment, summer planting, festive lighting, a cost reducing recycling scheme, and town centre events such as Bromley Motor Show, the Switch On, and Midsummer Movies.

Cllr. Yvonne Bear, Executive Councillor for Renewal, Recreation and Housing, said, “This is very positive news for Bromley town centre, with thanks to Bromley businesses for backing the future of the town centre and committing to continue to invest as well. The Council is looking forward to working with Your Bromley over the next 5 year term, playing our part alongside businesses to ensure that the town remains a vibrant place to live, work, shop, enjoy leisure time and do business.”