Find out everything you need to know about the BID and how it’s transforming the district.
In April 2020, the local business community voted to establish a formal Business Improvement District (BID) in Aldgate, after the success of its predecessor – The Aldgate Partnership (TAP). The BID allows local businesses and communities to have an input into the development of the area.
The BID operates in 5-year terms. Through a mandatory business levy and voluntary contributions, the BID will raise £3.9m over its first term, with the funds going directly into those projects that the community needs the most.
Aldgate straddles two boroughs – City of London and Tower Hamlets – and our team work in partnership with both local authorities to champion local business, and turn Aldgate into a better area to live, work and visit.
Aldgate blends the best of modern, high-rise developments with the historic architecture London is famous for. The quality of the surrounding infrastructure ties all our landmarks together and makes sure that when people visit, they keep coming back.
We’re putting a big effort to establish Aldgate in its iconic location as a well-connected, cohesive community known for its intricate network of green spaces, and celebration of its unique artistic and culture heritage.
In 2020, over 80% of businesses in Aldgate wanted a stronger relationship with the Police and other safety providers, to make sure anyone who comes to enjoy Aldgate, can do so safely.
Through partnership and collaboration, the BID aims to enhance safety and resilience in the area and the people within; building programmes to support those in need and enhance the sense of wellbeing in the district.
Aldgate’s future success rests heavily on the cohesion of its community. We want everyone in the area – that’s businesses, locals, visitors and everyone in between– to feel heard and valued, and to come together in partnership to generate opportunity.
Through wellbeing initiatives, career development programmes and much more, we want to bring joy to the people of Aldgate; promoting inclusive and sustainable prosperity.
Aldgate is full of diverse character and charm and it’s important to us that more people come and experience it for themselves.
The BID aims to ensure Aldgate continues to thrive as a strong, dynamic, and entrepreneurial area attracting visitors, residents and businesses. So we’re developing a marketing strategy that showcases its uniqueness, and puts it firmly on the map for people to come and visit. Over and over again.
Our team are responsible for the day-to-day operations and strategic direction of The BID. Take a look at our bios to get to know us and feel free to get in touch with any questions.
Our on-the-ground ambassadors are closely connected with the Aldgate community, reporting on any issues and making sure everyone feels welcome.
Made up of local business and community members across both boroughs, The Board volunteers to represent the collective voice of the community and oversee the strategic direction of The BID.
The Steering Groups represent our four themes and make sure each area gets equal attention. They hold quarterly meetings for meaningful discussions, presentations and provide feedback on BID projects.
Developing initiatives, including wellbeing and ESG, that invest in and bring together our local communities.
Improving the infrastructure and environment across the boroughs.
Working with the Police and authorities to create a safer neighbourhood for all.
Driving activities that promote Aldgate’s identity and attract more visitors to the area.
This network represents the property sector and influences how it’s factored into the 5-year plan.
Aldgate is unlike any other area in London. From its medieval history as a gateway into the capital, to a place where immigrants settled and made a home, Aldgate has always made outsiders feel like insiders.
It’s what’s driven the diverse community that makes the area so special. It’s a place where anyone and everyone can fit in. And join in.
The startup and the corporate. The street artist and the gallery owner. The market stall trader and the independent retailer. The street food chef and the restauranteur.
It’s a place where you can do things your way. Where you can build a business, develop a career, build a community, raise a family.
Whoever you are, whatever you’re doing, wherever you’re going, there’s space and a place for you in Aldgate.
A big thank you to all our current Voluntary Supporters
Although the BID’s main source of funding comes straight from local businesses, our voluntary supporters play a key role in making the plan happen. Without their time and financial support, the long-term vision for Aldgate simply wouldn’t be possible.
We’re always looking to connect with new supporters who are willing to help, get in touch to find out more.
Observing Partners
We work closely with local authorities to ensure that all BID delivery is aligned with local plans and agendas.
Partnerships & Endorsers
To drive forward our ambitions and deliver strategic projects, we work collaboratively with key partners to achieve greater value and reach.
We’re regularly publishing brochures and reports to keep everyone up to date with what The BID is up to. You can download all our documents here.
Download our full plan for the district, which gives you a detailed overview of the BID and our four key themes.
We’ve outlined our main focus of priorities for the year ahead. We ringfence investment for projects in both boroughs, check them out below.