Why support a Park Royal BID?

We have identified six distinct reasons to support the Park Royal BID:

1. The Park Royal BID will be set up and governed by a local business board for the benefit of local businesses. 

2. All businesses will make a small contribution into a ring fenced fund to spend locally. A BID empowers businesses to take control and shape the future of Park Royal by identifying a list of projects to be delivered to improve the BID area, maintain the area’s competitiveness and to ensure its sustainable growth.

3. Collective investment will enable cost savings to individual businesses within the BID area.

4. All projects undertaken by the Park Royal BID company will be additional to existing public services. The objective of the Park Royal BID is to improve service delivery for business benefit.

5. A real business voice will be created to influence change in the Park Royal BID area. The BID will become the link between local businesses, the three boroughs, London Government and other public sector stakeholders ensuring that business needs are met.

6. A Park Royal BID increases PRP’s chances of securing additional funding from the European Regional Development Fund (ERDF) in the future, and to continue to focus on issues such as: business support, business growth and business creation, as well as job creation, the regeneration of industrial land and property on the estates.

To find out more about the BID and to better understand why to support it contact Rena Kazinou, Head of Corporate Resources or call 0203 110 2309.

Alternatively, download our Park Royal BID Business Briefing Note below:

 Park Royal BID Briefing Document.pdf