Waterloo is part of the London Borough of Lambeth. The area is part of a business improvement district known as Waterloo Quarter, which includes The Cut and the Old Vic and Young Vic theatres, including some sections in the London Borough of Southwark. With fantastic transport links in the form of London Waterloo Station, close to the South Bank and one of the biggest railway hubs in the capital, the area is an essential place for meeting, conferences and social events.