London’s Bankside is set to further cement its position as one of London’s most dynamic business districts over the next five years, as a wave of significant private and public development plans coincide with BID Better Bankside’s new 5-year strategy to support and enhance the area.
By 2030, around £4bn worth of investment across 28 major sites will deliver 10 million square feet of new development in Bankside – bringing new workplaces, homes, cultural and leisure destinations to the area.
Alongside this, Better Bankside, one of the UK’s first Business Improvement Districts (BIDs,) and the first London BID, has published its five-year strategy for 2025–30, setting out how it will deliver on the resounding mandate secured in its ballot, when 91% of local businesses voted YES to another five years of Better Bankside.
The strategy has been co-created with the BID’s 880 Bankside businesses and community stakeholders and sets out how Better Bankside will realise its impressive £14million area investment, and its vision for a Stronger, Greener, Happier Bankside. When looked at together, the area’s development pipeline and the BID’s 5-year plan are set to deliver significant transformation to one of London’s most dynamic and vibrant areas.
Nicole Gordon, CEO of Better Bankside commented; “Over the last 20-years, Bankside has seen major evolution, into what is now one of the world’s most prestigious cultural districts. Investment into the area has led to the birth of Tate Modern and the Globe Theatre, desireable retail/ hospitality concepts like Borough Yards and exciting examples of urban innovation – such as the repurposing of the area’s Victorian arches into the Low Line, offering mixed-use business and retail space.
“The planned investment over the next 5-years will build on this further, with our BID commiting £14 million to projects which will ensure the economic prosperity, climate resilience and collaborative-spirit of the area continues to thrive.
“Twenty-eight planned developments will further support this with a projected 44,000 employees arriving into Bankside, contributing an estimated £122 million annual spend to the benefit of our member businesses. Our BID will ensure this leads to a stronger, greener and happier Bankside by 2030, preserving the area’s unique spirit while creating innovative opportunities for collaboration and growth.”
Over the next five years, c£4bn of private and public investment across 28 major sites in Bankside will bring new workplaces, homes, culture, and leisure to the area. Better Bankside has analysed these developments to help members understand what this means for their business and plan for the future.
By 2030, these sites will host around 44,000 employees, contributing an estimated £122m annual spend in Bankside.
Bankside is already ahead of local development targets, delivering more office, commercial, retail, and leisure floorspace than planned for the wider area. This cements its position as one of London’s most dynamic business districts, while also highlighting untapped opportunities in sectors like education and life sciences.
