CAPRICE From babe to businesswoman - Mayfair Times
CAPRICE From babe to businesswoman - Mayfair Times
CAPRICE From babe to businesswoman - Mayfair Times
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The New West End Company is a business improvement<br />
district (BID), funded by retailers and property owners. It has a<br />
brief <strong>to</strong> improve the trading environment in the West End.<br />
Westminster City Council is a long-term Conservative stronghold.<br />
Now, the Mayor of London is a Tory <strong>to</strong>o.<br />
What this means, says Richard Dickinson, recently appointed<br />
chief executive of the BID, is that there is “an opportunity <strong>to</strong> push<br />
our agenda in a more politically benign environment”.<br />
That observation is as diplomatically worded as one might<br />
expect from a former Brussels civil servant but the ulterior<br />
meaning is clear. With Ken Livings<strong>to</strong>ne out of the way, there is a<br />
chance <strong>to</strong> reinvigorate the West End in time for the international<br />
scrutiny that will accompany the 2012 Olympics without having <strong>to</strong><br />
worry about differences in political philosophy.<br />
The mayoral race may have attracted international press<br />
coverage but local politics in London is so multi-layered and<br />
under-reported that it would have been easy even for the<br />
interested <strong>to</strong> miss the decisions and events that have led <strong>to</strong> what<br />
is beginning <strong>to</strong> look like a period of dramatic change.<br />
So, <strong>to</strong> catch up a little:<br />
� The two BIDs in the West End (the other is the Heart of<br />
London Business Alliance, centred on Leicester Square) were<br />
both voted in for second terms by businesses that fund them<br />
through a business rate supplement. What this means is that<br />
businesses (which are not allowed <strong>to</strong> vote in Westminster City<br />
Council or Greater London Authority elections) now seem willing<br />
<strong>to</strong> pay <strong>to</strong> have a say in the way the West End is run. They have,<br />
as the Americans say, stepped up <strong>to</strong> the plate. The BIDs, on the<br />
other hand, have shot past the talking stage and in the early part<br />
of their second terms they need some quick wins. With the next<br />
general election due <strong>to</strong> take place on or before May 10, 2010, so<br />
do Boris and his chums in the shadow cabinet.<br />
� In March, Westminster City Council adopted the ORB report –<br />
an action plan for Oxford Street, Regent Street and Bond Street<br />
based on the New West End Company’s initial vision for the three<br />
key retail thoroughfares outlined in its masterplan. The £40 million<br />
ORB plan aims, among many other things, <strong>to</strong> reclaim the West<br />
End for pedestrians. The money is there, Westminster is working<br />
in partnership with the BID and Transport for London and the<br />
TIM IRELAND/PA WIRE/PA PHOTOS<br />
BORIS JOHNSON’S VICTORY<br />
OVER KEN LIVINGSTONE IN THE<br />
RACE TO BECOME MAYOR OF<br />
LONDON HAD ONE IMMEDIATE<br />
AND NOT VERY OBVIOUS<br />
EFFECT: IT ALIGNED, PROBABLY<br />
FOR THE FIRST TIME, THE<br />
POLITICAL INTERESTS OF THE<br />
MAJOR FORCES FOR CHANGE<br />
IN THE WEST END. ERIK BROWN<br />
CONSIDERS THE IMPLICATIONS<br />
action plan is already under way. Expect <strong>to</strong> see international<br />
marketing, more events, better signage, a reduction in traffic and<br />
a zero <strong>to</strong>lerance attack on petty crime.<br />
� The Crown Estate is in the middle of a £500 million<br />
redevelopment of Regent Street, which is working spectacularly<br />
well partly because an estate in single ownership is easier <strong>to</strong> drive<br />
forward than one in multiple ownership. As a result, The Crown is<br />
sending powerful signals <strong>to</strong> the many owners of less successful<br />
retail districts – such as the eastern end of Oxford Street running<br />
up <strong>to</strong> Tottenham Court Road. If those owners could act <strong>to</strong>gether<br />
(through something like a BID, for instance) they may increase the<br />
value of their properties. This “come-<strong>to</strong>gether” message is being �<br />
A change is<br />
gonna come<br />
37<br />
business