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"bold step" is correct and usable in written English.
You can use it to describe an action taken by an individual or group of people that is brave, ambitious, and confident. For example: "The company's announcement of a new zero-waste initiative was a bold step in advancing sustainability initiatives in the region."
Exact(58)
This is a bold step".
Great journeys begin with one bold step.
This is a bold step for government.
Health organisations, however, hailed it as a bold step.
The Fed's emergency rate cut was a bold step.
In doing so, he's taken a very bold step".
He has taken a bold step towards one.
By 1973, he was ready to take his bold step.
I congratulate them on taking this bold step".
"Ka" has taken the bold step of introducing a storyline.
"I think it's a bold step in the right direction.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com