William Eichler 01 July 2019

Councils set to make £1bn profit from parking

Councils set to make £1bn profit from parking image

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.

The LATCo model image

The LATCo model

Mark Scott explains how local authorities can deliver profit with a purpose.
SIGN UP
For your free daily news bulletin
Highways jobs

Senior Structures Engineer

Kent County Council
£33,678 per annum
We are looking to recruit a Senior Structures Engineer to provide engineering support for maintenance of highway structures, liaising and... Kent
Recuriter: Kent County Council

Advanced Practitioner (Children's Senior Social Worker) Intervention & Planning Team

Barnet London Borough Council
£46,558.00 - £59,718.00 Per Annum
We want to work with Social Workers who are reflective, dynamic, proactive and resilient that are aspirational for our children and young people. Barnet (City/Town), London (Greater)
Recuriter: Barnet London Borough Council

Procurement Apprentice

The Royal Borough of Kensington & Chelsea Council
£20,180 per annum
You will learn about systems and requirements needed to support an effective procurement service, as well as working as an analyst on... Kensington and Chelsea, London (Greater)
Recuriter: The Royal Borough of Kensington & Chelsea Council

Senior Applications Analyst / Developer x 2

Essex County Council
£39168.0 - £48596 per annum
Technology Services (TS) deliver a wide range of business applications that are essential to the provision of services throughout the council. The App England, Essex, Chelmsford
Recuriter: Essex County Council

Lead Property Data Officer

Camden London Borough Council
£33,122 - £38,423
We’re looking for somoene who will have a good understanding of the current legislation and other requirements in a local authority setting... Camden, London (Greater)
Recuriter: Camden London Borough 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