Wood Green BID is one of over 300 Business Improvement Districts (BIDs) currently operating across the UK and covers the core commercial area of Wood Green – from Wood Green Tube Station to Turnpike Lane. BIDs are established to deliver additional projects, services, and initiatives that go above and beyond the baseline provisions already offered by local authorities.
Wood Green BID is a not-for-profit organisation, established in 2018 following a successful ballot of local businesses, and has since worked to represent and support the business community through a period of significant change and opportunity. With each BID term lasting five years, the BID generates funding directly from its business members through an annual levy, which is reinvested into initiatives that enhance, support, and promote the town centre.
With a strong governance model in place – including a Board of Directors, Steering Groups, and a Finance Committee – Wood Green BID ensures transparency, accountability, and a strategic approach to delivery. The BID works closely with key partners such as Haringey Council and the local police, both of whom are contributing BID members, to address issues, attract further investment, and drive positive change in the area.
At a time when Wood Green is preparing for major regeneration – including the possibility of Crossrail 2, thousands of new homes, and the development of a new cultural quarter – Wood Green BID ensures the voice of local businesses is at the heart of the transformation.
All initiatives delivered by the BID are guided by the Wood Green BID Business Plan, which outlines the priorities and improvements funded by its members – helping to shape a thriving, well-connected, and inclusive town centre for all.
The geographical defined area, can be seen by clicking here.
Wood Green is a diverse and vibrant town centre. It is well-connected and is designated by the Mayor as an important Metropolitan Town Centre. However it is one of the lowest performing in a number of ways and recently the area has suffered from the loss of some big retail names.
But Wood Green is also about to go through an unprecedented period of investment and change, with the possibility of Crossrail 2, thousands of new homes in the area, and ambitions for a new cultural quarter and improved links to Alexandra Palace.
If done well, these investments have the possibility of revitalising the town centre, but it is key that the existing business community has a strong voice to make sure that the benefits are shared across the whole of the Town Centre, from Wood Green tube station to Turnpike Lane. A BID can provide that voice and help to address businesses’ issues.
