Councils cashing in on parking as profits climb 15%

ReenaSewraz
by Lovemoney Staff ReenaSewraz on 11 January 2013  |  Comments 10 comments

Find out which councils made the most from parking charges last year.

Councils cashing in on parking as profits climb 15%

Councils in England made over £411 million-worth of profit from parking charges last year, according to research carried out by the Institute of Advanced Motorists (IAM).

The profit made during 2011/12 represents a 14.9% increase on the £358 million yield brought in over 2010/11.

In total, 353 councils were looked at using data available from the Department for Communities and Local Government.

So which local authority made the most out of our parking misery last year?

Top 20 council cash cows

Here are the top 20 councils which made the most profit from parking charges last year:

Rank 

Local authority

Parking profit 2011/12 (£)*

 1

Westminster

37,985,000

 2

Kensington & Chelsea

27,483,000

 3

Camden

24,816,000

 4

Hammersmith & Fulham

19,089,000

 5

Wandsworth

16,120,000

 6

Brighton & Hove UA

13,676,000

 7

Islington

10,204,000

 8

Newham

7,192,000

 9

Milton Keynes UA

6,468,000

 10

Newcastle upon Tyne

6,225,000

 11

Manchester

5,957,000

 12

Tower Hamlets

5,769,000

 13

Hackney

5,735,000

 14

Lambeth

5,690,000

 15

Guildford

5,640,000

 16

Leeds

5,532,000

 17

Haringey

5,312,000

 18

Hounslow

5,291,000

 19

Merton

5,212,000

 20

Bath & North East Somerset UA

4,836,000

*Figures calculated by IAM from Department for Communities and Local Government Revenue Outturn data 2011/12

As you can see the top council earners for 2011/12 are located in London, with Westminster residents suffering the most and forking out nearly £38 million in parking charges.

Outside of the Capital, Brighton & Hove proved to be the biggest earner, bringing in just over £13.5 million in profit for the council last year.

In Islington the council managed to boost profits by 107.7% compared to 2010/11. Newham (100.5%), Wandsworth (79.1%) and Haringey (63.1%) also managed to bolster their coffers by an extraordinary amount.

Regionally, London and the South East made the most in parking charges whereas the North East and East of England made the least.

Spending cuts

While income from parking charges was plentiful, spending on some key areas fell.

The IAM found that the amount spent on road safety, education and safe routes to schools had dropped by 18%.

All in all spending on highways and transport was reduced by 6% and it is expected to drop a further 11% over 2012/13 which could mean a back log of repairs according to IAM Chief Executive, Simon Best.

So even though councils are making record revenues in some areas it appears spending cuts are still the bottom line in Local Government.

How’s parking your end?

What are the parking charges like in your area? Let us know in the comment box below.

More on parking:

How to beat parking fines

Cut your car park costs

Hospital car park charges up by as much as 200%!

Traffic warden numbers rise almost 6%

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Comments (10)

  • mark66jarret
    Love rating 0
    mark66jarret said

    @CuNNaXXa I like the idea of free parking, the only problem being they don't want office workers etc, parking all day for free & not using the shopping facilities. If the price of parking was low but you could only park in one area for a limited time say 3 hours that would be the best of both worlds. Don't mind the £1 hour for the multi storey car parks but hate it if you just need to pop into town for an hour to get charged a few pounds for the on street parking.

    Also don't like the take a guess how long you will be in town, prefer if you were charged for how long you park at £1 hour at least you don't have to rush back to pick up the car or feel you have wasted money paying for 4 hours when you only take 2

    Report on 17 January 2013  |  Love thisLove  0 loves
  • CuNNaXXa
    Love rating 410
    CuNNaXXa said

    @ mark66jarret.

    Our local Tescos and the car park next to it both allow you to park for up to two hours without charge. This gives you more than enough time to do your shopping, while ensuring those who are parking for the entire day, such as employees, pay for their pitch.

    To me, this is common sense car parking. It encourages short stay parking for shopping, while deterring those who would occupy a pitch for the entire day without compensation.

    Also, I like car parks where you pay on the way out, rather on the way in, as this is a much more fair system.

    Report on 19 January 2013  |  Love thisLove  0 loves

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