Chris Ames 03 October 2018

Parking management worth £3.6bn, London boroughs say

Parking management worth £3.6bn, London boroughs say image

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.’

SIGN UP
For your free daily news bulletin
Highways jobs

Social Worker - Early Interventions

Essex County Council
£32065 - £43839 per annum
Social Worker - Early Interventions Permanent, Full Time £32,065 - £43,839 per annum Location
Recuriter: Essex County Council

Social Worker - Local Linked Support Team

Essex County Council
£32065 - £43839 per annum
This is a full time fixed term contract for 12 month or a 12 month Secondment.About the RoleThis is a community-based role within the Harlow area. You England, Essex, Epping
Recuriter: Essex County Council

Property and Projects Lawyer

Brent Council
£43,860 - £49,827 p.a. inc.(pro rata)
The successful candidate will have the opportunity to supervise junior staff and deputise in the absence of the Senior Property Lawyer. Wembley, London (Greater)
Recuriter: Brent Council

Business Support Officer

Camden London Borough Council
£29,359
We have recently changed the way that we work so that we are more responsive to... Camden, London (Greater)
Recuriter: Camden London Borough Council

Accountancy and Business Change Manager

Royal Borough of Greenwich
£49.827 - £52.866
An opportunity has arisen within our Accountancy Business Partnership Service for an Accountancy Business Change Manager. Reporting Greenwich, London (Greater)
Recuriter: Royal Borough of Greenwich

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