US-style regeneration schemes offer hope to run-down London areas

7 Dec 00
The Business Improvement District (Bid) approach, which uses levies on businesses to transform derelict neighbourhoods across the US, will take a step closer to becoming part of the British regeneration landscape when five schemes are launched in London n

08 December 2000

The Local Improvement Partnerships begin their work next April and will attempt to clean up areas across London, including Lambeth, Holborn and the South Bank.

All will share almost £5m of Single Regeneration Budget funding to get established, and then seek to bring in private sector funds to help the schemes, which include services such as extra street cleaning and better lighting.

One of the schemes, the Holborn Business Partnership, is the closest to a Bid approach in the UK. It will be led by businesses, including international law firm Nabarro Nathanson and Warner Bros, and seeks to raise millions of pounds from private sector funds to help clean up the district.

Bids have proved highly successful in the US, helping to transform cities such as New York and Philadelphia.


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