A new body aimed at boosting trade for Romford town centre was launched this month.
The Romford BID (Business Improvement District) has over 500 town centre businesses in an area covering Central Library, Como Street car park, as well as properties opposite North Street and within the boundaries of the ring road.
The BID hopes to bring in £2.75 million for projects and developments to boost customer spend and footfall in the town centre, as well as looking after the public realm, for the next five years.
In July 2018, Romford’s businesses and organisations voted in favour of taking more control over their future by voting for the BID. This followed plans made by Romford Town Management Partnership to form the BID to help revitalise the town’s economy, which were approved by Havering Council leading to the balloting of business owners.
Tom Stobbart, chair of the Romford BID, said its aim was to drive the growth in new tech business, while ensuring traditional, long-established enterprises also adopted the digital and tech economy. Its first projects will involve developing town hosts - an approachable informed presence in the BID area - and marketing Romford.
Havering’s other BID is London Riverside, with 350 businesses, covering eight industrial estates.
Havering Council already has numerous initiatives in place to support local businesses. These include Havering Works, developed by the council, and partfunded by the European Social Fund that offers access to jobs, training and employment support services.
A £400,000 campaign aimed at making Havering cleaner and tidier was launched in April.