Council made more than £1 million in parking profits last year, according to new figures

The East Riding of Yorkshire Council made more than £1 million in profit from parking last year.

Wednesday, 27th January 2021, 12:55 pm
The East Riding of Yorkshire Council made £1.14 million in profit from parking services in 2019-20, according to the research by the RAC Foundation.

That is according to analysis by the RAC Foundation which shows councils across the country are making hundreds of millions from parking activities.

The motoring research group said parking “is quite a money spinner” for some councils, but the Local Government Association says any surplus is spent on essential transport projects.

The East Riding of Yorkshire Council made £1.14 million in profit from parking services in 2019-20, according to the research.

But that was down 35% from £1.75 million the previous year, and a 2% decrease from £1.17 million in 2015-16.

“Parking management is quite a money spinner for some local authorities, and nationally it is a big business,” said RAC Foundation director Steve Gooding.

The analysis is based on data from the Ministry of Housing, Communities and Local Government. It reveals the vast majority of the 338 councils who returned figures reported a surplus on their parking operations.

David Renard, transport spokesman for the Local Government Association, said councils have to ensure spaces are available for drivers to keep traffic moving and avoid dangerous obstructions in the roads.

“With an increase of 10 million cars on the road in the last 20 years, this has become increasingly challenging for councils.

“Income raised through on-street parking charges and parking fines is spent on running parking services.”