This week we speak with Steve Medway, the CEO of Knightsbridge Partnership & Kings Road Partnership, two Business Improvement Districts or ‘BIDs’, in London. He told us about what BIDs are for and what they can achieve for local retail areas, what the dynamics and challenges of running a BID are like, where he thinks the government could improve how BIDs operate, and what his thoughts are on the state and future prospects of the retail industry.