Search

Free 40-page supplement celebrating the Queen’s record reign in this week’s Recorder

On sale now

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

Yesterday, 17:40
Alfie Perrin's parents Jaqui and Mark Perrin, outside Snaresbrook Crown Court

A loft conversion company has been sentenced over the death of a teenager who fell from scaffolding at a house in Wanstead.

Yesterday, 13:12
Radical cleric Anjem Choudary, of Hampton Road, Ilford, hasa been granted bail until his trial

The 48-year-old married father-of-five appeared before the Old Bailey via video link from Belmarsh prison alongside his co-accused Mohammed Rahman.

Yesterday, 12:43
Traffic disruption

Drivers on the school run have taken to Twitter to vent following severe delays on an A-road.

Yesterday, 08:38
Ch Insp John Fish said the Broadmead Estate, in Woodford Green, is the

A Redbridge Police chief has said the Orchard Estate, in Woodford Green, is his main focus - the same week a teenager was found there stabbed.

Most read news

Competitions

Happy viewing!

MyOffers are giving you that chance to win an amazing Samsung 55” Curve HD TV.

Get ready to take in the beautiful sights of London from above!

Are you always seeking unique ways to see your favourite city? This one is for you.

Digital Edition

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


Our trusted business finder