Revealed: How much profit Surrey councils made from parking charges in 2016/17

December 7, 2017
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Parking charges netted Surrey councils £24.8m in profit during the 2016/17 financial year.

A study published by RAC on Monday (November 27) showed the amount of profit generated by councils’ parking operations increased by 9.4% compared with 2015/16.

Guildford Borough Council made by far the most profit, generating £7.6m over the year, followed by Woking Borough Council with £4.8m and Waverley Borough Council with £3.1m.

Meanwhile, Tandridge District Council actually made a loss of £98,000 on its parking operations, performing even worse than the previous year when it made a loss of £92,000.

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Reigate Banstead Borough Council showed the largest increase in profit, which rose 60% from £1.3m to £2.1m over the year.

Four councils profits decreased compared with the previous year. Woking’s fell by 1.6%, Surrey Heath’s by 1.5%, Runnymede by 6.3% and Spelthorne’s by an enormous 53.5%, from £907,000 to £422,000.

Surrey County Council also made a loss of £307,000 from its parking charges over the year.

Overall, profits from councils’ parking operations increased by 10% across England, reaching a record £819m.

A spokesman for the Local Government Association said profit from parking charges was spent on “essential transport projects, such as tackling our national £12 billion roads repair backlog and creating new parking spaces.”

The spokesman added: “Councils are on the side of motorists but have to try and strike a balance when setting parking charges to ensure there are spaces available for everyone at all times of the day and they can keep traffic moving.

“They help not only keep the roads clear but keeps pedestrians, motorists and cyclists safe and ensures people can park near their homes and local shops.”

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Article source: http://www.getsurrey.co.uk/news/surrey-news/revealed-how-much-profit-surrey-13959526


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