In October 2018 the Orpington town Centre business community voted overwhelmingly in favour of a second 5-year term for the Orpington 1st Business Improvement District (BID), running from April 2018 - March 2023.
Orpington 1st was the first BID in the London Borough of Bromley to be established back in 2013 and has now be joined by a further 3 BIDs across the borough.
A Business Improvement District is a defined geographical area within which businesses pay a levy in order to fund additional projects. For a BID to go ahead, a ballot of eligible businesses must be won on two counts: a straight majority and majority of the combined rateable value. This ensures that the interests of large and small businesses are protected.
Businesses within Orpington's BID boundary, which centres on the high street and shopping centre, pay 1.5% of the rateable value of their premises into the Orpington 1st BID - a not for profit ltd company governed by a board of directors made up of business owners and managers in the area - which then reinvests the funds, supporting a range of projects aiming to make Orpington Better for Business.