Lincoln Business Improvement District has received a national accreditation for Business Improvement Districts in recognition of its standards of transparency and responsible governance, following an independent review process.
Lee Roberts, Head of Operations, Lincoln BIG said: “This accreditation affirms that Lincoln BIG is operating in an open and transparent way that aligns with national standards.
“The accreditation confirms our commitment to openness and transparency, and we continually strive to ensure that we operate in an open and transparent way and that this is applied in all projects that the BID delivers
“It is important to have this accreditation as a formal, independently-assessed recognition of the work we do on behalf of our members, especially as we begin the ballot process leading to vote of our city centre businesses in November that will determine whether we receive support for a fifth BID term of five years covering the period 2025 to 2030, we felt it was important to demonstrate to member businesses that we follow recommended best practices and standards.”
The BID Foundation, a group of over 75 Business Improvement Districts, has developed the Industry Standards for all BIDs with input from UK government and other national bodies. The Standards highlight information and documentation that should be made publicly accessible and easily identifiable by every BID and are independently accredited by the Institute of Place Management.
Lincoln BIG has passed the Industry Standards accreditation by demonstrating the high standards of aspects including its business plan, governance mechanisms and reporting, Directors and personal interests, and detail on ballot results.
