Foundation Industry Standards Accolade For Swansea BID

May 5, 2021 2:37 pm

Swansea BID is pleased to have secured compliance with The BID’s Foundation Industry Standards – becoming one of the first BID in Wales to achieve this accolade and the first BID in Wales to hold this and the British BIDs accreditation. 

The Foundation Industry Standards is given after rigorous inspection by a panel of experts,  as mark of the quality of a BID’s governance and its adoption of measurable best practice in meeting levy payer expectations. The Standards also provides structured and reliable information about the BID, since it is a mark of the organisation’s transparency and accountability to the industry and its levy payers. 

The Standards sit well beside Swansea BID’s British BID accreditation that the organisation won in 2011 – Swansea BID was the first BID in Wales to achieve this and it continues to maintain the accolade, which illustrates quality management, performance and return on investment through service delivery. The Foundation Industry Standards title comes at a time of change and growth in Swansea city centre and across Wales and it is another mark of the stability and expertise the BID is able to bring to the area.

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