Chris Ames 03 October 2018

Parking management worth £3.6bn, London boroughs say

London’s boroughs have made the business case for their parking management, with a new report that estimates that it is worth £3.58bn per year to the capital’s economy.

Research commissioned by London Councils calculates the value parking services add to the capital at £3.58bn annually. It also finds a cost-benefit ratio of 10:1 for parking management.

The body commissioned Integrated Transport Planning to research public parking management in the capital, which is the responsibility of its boroughs, by evaluating the cumulative impact of parking measures such as bays, yellow lines and parking zones.

Cllr Julian Bell, chair of London Councils’ Transport and Environment Committee, said: ‘Many people only think about parking when they have a bad experience, such as when they can’t find a space or if they receive a parking ticket. This means it is easy to misunderstand why councils and TfL manage parking services.

‘However, with nearly 10 million journeys made in the capital daily, our report shows that parking management makes a major contribution to London’s economy, worth £3.58bn, and every pound invested in parking services benefits our city ten times over.

‘London boroughs use a range of parking measures in different parts of the capital to ensure people, goods and services can move around the city safely and efficiently, incentivising cleaner and healthier forms of transport whenever possible.’

What’s happening inside the LGPS? image

What’s happening inside the LGPS?

Get the most informed take on the challenges and opportunities that substantial reform will bring at this year’s PLSA Local Authority Conference.
SIGN UP
For your free daily news bulletin
Highways jobs

Senior Project Manager (Regeneration)

West Yorkshire Combined Authority
£49,359 to £56,057 per annum (pay award pending) – Grade 9
With ambitious goals ahead, we need dedicated individuals who are ready to make a real impact as part of our expanding Housing team Leeds / Hybrid
Recuriter: West Yorkshire Combined Authority

Information Governance Officer

Essex County Council
£28349.00 - £33351.00 per annum + pension
Information Governance OfficerPermanent, Full Time£28,349 to £33,351 per annumLocation
Recuriter: Essex County Council

Information Governance Officer

Essex County Council
£28349.00 - £33351.00 per annum + pension
Information Governance OfficerFixed Term, Full Time£28,349 to £33,351 per annumLocation
Recuriter: Essex County Council

HR Advisor - Pay & Policy (Career Grade)

Wakefield Council
Grade 9 - Grade 10, Career Grade, 24 hours, Permanent
Are you ready to make a difference and shape policies that foster a high performing and inclusive workplace? Wakefield, West Yorkshire
Recuriter: Wakefield Council

Leisure Support Assistant

Wakefield Council
£12,013.50 - £12,202.00, Grade 3, 18.5 hours, Permanent
Are You Ready to Make a Difference in Your Community? Wakefield, West Yorkshire
Recuriter: Wakefield Council
Linkedin Banner