William Eichler 01 July 2019

Councils set to make £1bn profit from parking

Local authorities in England are predicting that they will make £913m of profit from their parking activities this financial year, although the real figure might be nearer £1bn.

RAC Foundation analysis, carried out by transport consultant David Leibling, has revealed that councils have made 4% more in profit from parking in 2019-20 than they did in 2018-19 (£877m).

The automobile association also believes that councils have underestimated the amount of money they will make from on- and off-street parking activities over the past three years by between 9% and 10%.

Taking this into consideration, they argue that councils have probably earned around £1bn from parking this financial year.

‘It would be no surprise at all if English councils soon breached the one billion-pound mark for the amount they make annually from parking, which is quite a windfall from a service that is intended to be all about managing traffic,’ said Steve Gooding, director of the RAC Foundation.

‘Not every authority makes big money, some even run at loss, but where authorities are making money drivers might reasonably hope that some finds its way specifically into tackling road repairs not just on transport more generally.’

The RAC’s analysis is based on the budget figures provided by 343 English councils to the Ministry of Housing Communities and Local Government (MHCLG).

The final figures are calculated by taking all parking income – charges, residents’ permits, penalties – and then subtracting the day-to-day running costs of providing parking.

Of the 343 councils, 278 reported that they expected to make a profit whilst 65 predicted they would break even, incur a loss or their parking is managed by another authority.

SIGN UP
For your free daily news bulletin
Highways jobs

Rights Of Way Officer

Cambridgeshire County Council
£27,741 - £29,577
We are looking for a candidate who has practical experience of working with Rights of Way and access issues and... Cambridgeshire
Recuriter: Cambridgeshire County Council

Casual Assistant Swimming Instructor

Chelmsford City Council
Grade 4 - £11.01 per hour
Riverside Leisure Centre is Chelmsford City Council’s flagship leisure facility, offering a variety of sporting activities where there is something... Chelmsford, Essex
Recuriter: Chelmsford City Council

Systems Support Analyst

The Royal Borough of Kensington & Chelsea Council
£26,544 - £30,618 per annum
We are committed to promoting equality and respecting diversity and welcome applications from all sections of the community. Kensington and Chelsea, London (Greater)
Recuriter: The Royal Borough of Kensington & Chelsea Council

Service Manager

The Royal Borough of Kensington & Chelsea Council
£59,111 - £67,900 per annum
Create a better quality of life for our most vulnerable children and young people. Kensington and Chelsea, London (Greater)
Recuriter: The Royal Borough of Kensington & Chelsea Council

Contracts and Commissioning Manager

The Royal Borough of Kensington & Chelsea Council
£44,370 - £50,964 per annum
An opportunity has arisen within the Adult Learning team that develops and oversees the contracting and commissioning function for this service.  Kensington and Chelsea, London (Greater)
Recuriter: The Royal Borough of Kensington & Chelsea Council

Public Property

Latest issue - Public Property News

This issue of Public Property examines how how flexible workspaces can lead the way in regeneration for local authorities, Why local authority intervention is key to successful urban regeneration schemes and if the Government’s challenge of embracing beauty is an opportunity for communities.

The March issue also takes a closer look at Blackburn with Darwen Council's first digital health hub to help people gain control over health and care services.

Register for your free digital issue