Southwark Council is poised to award a £30,000 grant to the Bermondsey Business Association with the aim of establishing a Bermondsey Business Improvement District “to support the future development of the area as an attractive place to shop and do business”.
The association is based in South Bermondsey and is building on the work done by the South Bermondsey Partnership.
Southwark already has BIDs in London Bridge and Bankside, and the Waterloo BID straddles the Lambeth/Southwark border.
BIDs are funded by a levy on local business rates.
The £30,000 grant will come from the council’s Community Restoration Fund which was established in the wake of last summer’s riots.
The same fund will also provide Deli Felice with £4,800 to promote and advertise the parade of shops on Albion Street.