The London Riverside BID was set-up by local businesses in 2007 as a not-for-profit company working to improve the area. The BID is directed by a Board made up of local businesses and provides services and improvements set-out by the business community. The BID has invested over £1 million in the area – with a third of this coming from external funding bodies.
London Riverside BID was formed by FLAG (Ferry Lane Action Group), which has been active for over five years. During this time, members of the Company have been involved in several improvement schemes in the local area successfully securing various types of grant funding.
London Riverside BID is responsible for running the services on behalf of the business community. A voluntary board consisting of local business representatives will direct London Riverside BID and a steering group will decide how the money will be spent in the area, based on the commitments made in the BID proposal.
The London Riverside BID Ltd is incorporated as a not-for–profit company limited by guarantee.