Search

Redbridge Council’s strategy to earn extra £160,000 from parking bays

17:14 10 January 2013

The council will introduce around 250 pay and display parking bays to provide additional income of £160,000 per year.

With an estimated average income of £900 per bay per year and assuming a take of 70 per cent, officers estimate saving £20,000 from the highways budget in 2013/14.

This will increase to £45,000 in 2014/15 and then to £160,000 year-on-year, without taking into account any enforcement income.

The budget report said short-term pay and display parking could increase footfall for businesses in areas currently attracting long-stay or commuter parking.

Above inflation increases in pricing structures at some sites will also be considered to create further savings.

In 2013/14, 35,000 will be saved, increasing to £90,000 by 2015/16, by reviewing pricing for off-street and on-street parking tariffs for two hours and above.

The savings exclude any increases on short-stay tariffs for up to two hours, residential permits and car park season tickets.

The report acknowledges the risk of parking income decreasing if prices increased too greatly or where introduced in areas where there is not high demand.

0 comments

Latest News Stories

Rubbish on a Abellio Greater Anglia train from Shenfield to London Liverpool Street earlier this year.

Rail passengers claim they have been bitten by fleas while travelling on Abellio Greater Anglia trains.

Members of the public use NatWest cash machines.

Residents have reacted with anger and disappointment at the announcement that NatWest bank in Seven Kings is to close.

Yesterday, 18:00
Karolina Adamonyte, 19, and her dog Tina were attacked in Christie Gardens Park - a minute away from her home - by two dogs. Tina was bitten in the face and Karolina was bitten on her thumb while trying to protect Tina.

A traumatised teenager has spoken of her “bloody” ordeal after she and her dog were attacked in a park.

Yesterday, 16:41
Iain Duncan Smith MP meeting parents at Churchfields Junior School in Churchfields, South Woodford, on Friday May 22 Credit: Ken Mears

Iain Duncan Smith MP has wasted no time in getting involved in community issues by meeting with campaigners fighting to repair a playground after his reelection.

Most read news

Competitions

The sell out 2014 event 32 Londoners, returns to the Coca-Cola London Eye!

The Coca-Cola London Eye is proud to announce that 32 Londoners will be returning this June, following last year’s sell out event. The event will feature 32 talks, in each of the London Eye’s 32 capsules on 32 extraordinary Londoners.

You could take in stunning views of London over brunch at the Sky Garden

Celebrate lighter, brighter days with the chance of winning an indulgent brunch for two with a bottle of bubbles at Darwin, the cool and casual brasserie 36 floors up at Sky Garden.

Digital Edition

Image
Read the Ilford Recorder e-edition today E-edition
Family Notices 24


Our trusted business finder