The English Councils Making the Most Surplus Cash from Parking

The English Councils Making the Most Surplus Cash from Parking

Posted 26 March, 2019 at 20:26

Author Mark Bradshaw on behalf of (IFM) Independent Forecourt Magazine


Parking income in England exceeded £1.6 BILLION in 2017-18; 5% higher than in 2016-17.

Brighton & Hove council is making the most surplus cash from on and off-street parking.

Huge rises in parking cash can be seen in Medway Towns, Southampton and Bath & N. E. Somerset.

In 2017-18, councils in England made a surplus £867 million from parking; 32% higher than 4 years ago.

Of the surplus total, £406 million (47%) came from London and £461 million from the rest of England.

Per the RAC Foundation, the total income from parking in England 2017-18 exceeded £1.6 BILLION; 5% higher than in 2016-17.

But what about the surplus cash produced? The report Local Authority Parking Finances in England revealed, in the last four years, car parking charges have generated 32% more surplus for councils in England.

This amounted to a whopping £867 million* in extra cash from on and off-street parking in 2017-18; a 6% rise on the previous year. Of this total, £406 million (47%) came from London and £461 million from the rest of England.

Click4reg found, outside of London, Brighton & Hove council is currently making the most surplus cash from on and off-street parking – at £23.4 million. A 10% change on the £21.2 million surplus received in 2016-17.

Milton Keynes council earn the second highest surplus from parking, at £11.3 million, swiftly chased by the surplus achieved in Birmingham (£11.2 million.)

Considerable excess cash is also raked in by councils in Cornwall (£9.7 million), Bristol (£9.5 million) and Manchester with £9.4 million. For Manchester, this represents a change of 21% on the £7.8 million surplus they received in 2016-17 and the fourth largest surplus change nationally.

Other notable changes can be seen in Bath & North East Somerset (receiving £7.8 million in 2017-18; a change of 24% on 2016-17), Southampton (receiving £6.8 million in 2017-18; a change of 62% on 2016-17) and Medway Towns, who received £5 million in surplus cash from on and off-street parking in 2017-18, an astounding change of 65% on 2016-17 figures; the highest found outside of London.

However, some decreases can also be noted. On and off-street parking surplus fell by -3% in Guildford 2017-18; falling from £7.6 million the previous year, to £7.3 million.

In Cambridge, parking surplus fell by -6% (£6.2 million in 2016-17 to £5.8 million in 2017-18), while decreases in Nottingham (excluding the workplace parking levy) and York followed suit.

*This excludes a £1.7 million surplus from parking in National Parks and a £9 million surplus from the Nottingham workplace parking levy.

*The on-street parking surpluses must by law be used for transport projects.

https://www.click4reg.co.uk/

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