Governance

Powered by the people of Bankside

Better Bankside is a not for profit company, limited by guarantee, funded and led by you – our member businesses. Over 10% of our members are involved in our governance. 

Our board of directors is made up of business leaders from Bankside organisations, along with other stakeholders including landowners, resident representatives and public bodies.  

Eight theme groups give businesses the opportunity to co-design elements of our programme, from security and resilience to corporate responsibility and destination marketing. Members are invited to join any of our theme groups.

If you’d like to play a role in shaping our neighbourhood, we’d love to talk to you about how you can participate. Please call us on 020 7928 3998 if you’d like to talk about the groups, or email us for meeting dates.

Annual General Meetings (AGMs) provide a further opportunity for members to comment on our services and shape our programme going forward. Find out more about the last AGM.

Thanks to this constant dialogue with our membership, our programme continues to evolve in response to the needs of businesses, shaping our neighbourhood to benefit businesses and Banksiders, now and into the future.

Further information about how Better Bankside will be managed, funded and run is available here, along with details of our revenue and planned expenditure.

Am I a member? How much do I contribute?

Every five years, businesses have the opportunity to vote on whether they want Better Bankside to continue. This ensures our programme of projects and services remains relevant to the membership. Businesses with a rateable value of £26,000 and over will pay 1.1% of their rateable value from April 2020.

2019 ballot

On 29 November 2019 the businesses in the Bankside area voted overwhelmingly for another five year term, with 92% in favour and 55% turnout in terms of numbers and 97% in favour and 69% turnout in terms of rateable value. This increases the majority by numbers won in 2015 and is in fact the largest ever ballot majority achieved by Better Bankside. The ballot extends the life of the Better Bankside Business Improvement District (BID) to 2025 and expands our area from 750 businesses to almost 1,000.

The result secures £11m investment over the next five years to deliver projects and services that improve the neighbourhood. The BID boundary will be extended from April 2020, welcoming more businesses into the Better Bankside community.

We worked closely with local businesses and other stakeholders to co-create our manifesto – a 2020 – 2025 programme for Bankside.

Total number of votes cast (excluding any ballot papers rejected) 596
(Turnout by numbers) 55%
Aggregate rateable value of votes cast £142,633,600
(Turnout by rateable value) 69%
Votes in favour 550
(Votes in favour as percentage of turnout) 92%
Votes in favour by rateable value £138,542,250
(Votes in favour as percentage of turnout) 97%

 

Further information about how Better Bankside is managed, funded and run is available – BID arrangements.

Better Bankside is an independent non-profit company limited by guarantee. Download our Memorandum and Articles of Association. 

How is my levy invested?

Better Bankside runs a five year business plan. Through delegating budgets to theme groups, populated by representatives from businesses, we encourage enterprising action whilst ensuring transparency, accountability and participation. Our services are additional to those delivered by the local authority and other providers.