Peter McCormack, prominent Bitcoin podcaster and owner of Real Bedford FC, announced plans to create private security in Bedford.
Announcement of Security Initiative
Peter McCormack stated his intentions to personally fund a private security service to patrol Bedford's town center every Saturday throughout August 2025, utilizing services from Belmont Guard.
Reasons for Project Launch
The initiative arose after McCormack publicly criticized the local police for failing to address safety issues, noting that Bedford has seen increased incidents of "aggressive begging, shoplifting, and harassment", leading to diminished foot traffic and business closures.
Impact on Private Security Market
McCormack's initiative also reflects broader trends in the rapidly growing private security sector. The global private security market is projected to grow from $235.37 billion in 2023 to $385.32 billion by 2032.
The establishment of private security in Bedford raises important questions about the role of private initiatives in community safety and how individual investments can impact the local area.
