Business improvement districts: an opportunity for SME retailing
International Journal of Retail & Distribution Management
ISSN: 0959-0552
Article publication date: 1 September 2003
Abstract
This article considers the implications of the introduction of legislation enabling the creation of the US concept of business improvement districts (BIDs) into the UK. Based on the US experience, it can be argued that local networks of small and medium‐sized retailers can benefit from establishing a BID in their immediate locale. A number of critical success factors for such BIDs are identified. These include strong leadership, a genuine desire for change, clarity of objectives and support from the local authority. The article concludes with a discussion of the advantages (and potential problem areas) of such localised SME retailer‐led BIDs.
Keywords
Citation
Hogg, S., Medway, D. and Warnaby, G. (2003), "Business improvement districts: an opportunity for SME retailing", International Journal of Retail & Distribution Management, Vol. 31 No. 9, pp. 466-469. https://doi.org/10.1108/09590550310491432
Publisher
:MCB UP Ltd
Copyright © 2003, MCB UP Limited