Abstract
Purpose: This study was conducted to examine the introduction process and institutional characteristics of business improvement districts (BIDs) in the U.K. and analyze the operational practices of BIDs in London. Through this analysis, the study seeks to derive policy implications for establishing a public-private partnership-based local management system to revitalize central urban areas. Method: Previous studies were reviewed to investigate the background and introduction process of BIDs in the U.K. Relevant legislation and government publications were analyzed to understand the institutional framework of BIDs, focusing on the establishment procedures and support systems. Additionally, the operational practices of BIDs in London were analyzed by reviewing publicly available reports, thereby examining the activities, relationships with local communities, and the current status of public-private partnerships. Result: BIDs in the U.K. function as a form of partnership in which local governments and business communities collaborate to provide additional services aimed at improving and revitalizing specific districts. By securing stable funding sources, BIDs have emerged as a viable financial alternative. Furthermore, they pursue collaborative governance with the public sector to address local issues more effectively.
| Original language | English |
|---|---|
| Pages (from-to) | 5-13 |
| Number of pages | 9 |
| Journal | KIEAE Journal |
| Volume | 25 |
| Issue number | 3 |
| DOIs | |
| State | Published - Jun 2025 |
UN SDGs
This output contributes to the following UN Sustainable Development Goals (SDGs)
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SDG 11 Sustainable Cities and Communities
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SDG 16 Peace, Justice and Strong Institutions
Keywords
- Business Improvement District (BID)
- Public Private Partnership
- Town Management
- Urban Regeneration
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