16.01.2013 Views

CAPRICE From babe to businesswoman - Mayfair Times

CAPRICE From babe to businesswoman - Mayfair Times

CAPRICE From babe to businesswoman - Mayfair Times

SHOW MORE
SHOW LESS

Create successful ePaper yourself

Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.

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

Hooray! Your file is uploaded and ready to be published.

Saved successfully!

Ooh no, something went wrong!