What’s next for The BID Foundation?
As the Institute of Place Management refocuses towards its academic vision, courses, and impactful research, The BID Foundation is set to evolve into an independent body.
A spokesperson for The BID Foundation said:
“The BID Foundation (TBF) was established in January 2018 following a UK-wide industry consultation which revealed the need for an independent body to provide an authoritative voice for business improvement districts (BIDs). The Institute of Place Management (IPM) at Manchester Metropolitan University was selected to help develop our industry-led body.
“As the independent body acting on behalf of BIDs across the UK, it’s vital that we regularly review our services and offering to ensure it continues to act in the best interests of BIDs.
“The Institute of Place Management is evolving its organisational priorities and structure with an increased focus on its academic vision, courses, and impactful research. Therefore, the TBF leadership board have taken the opportunity to review our existing partnership arrangements with IPM. We have mutually agreed to finalise our partnership and now operate as independent bodies.
“The TBF Leadership Board is having positive discussions around the future of the organisation. We will continue to work as a not-for-profit membership body in serving the best interests of our members and will keep our members and the wider industry updated throughout this transition.
“Whilst they are no longer organisational partners, we will continue to work closely with the IPM as industry friends. We are extremely grateful to IPM for the support, expertise and guidance it has provided to The BID Foundation to date and thank its team for the service to The BID Foundation and our members.”
About the author
Formed in 2006, the Institute of Place Management is the international professional body that supports people committed to developing, managing and making places better.