Peterborough City Council made £2 million profit on car parking in the past year

New figures show that Peterborough City Council made a profit just shy of £2 million on car parking fees in the past year.

The Local Democracy Reporting Service submitted a Freedom of Information request to the city council, which revealed the total income and expenditure from car parking between March 2024 and March 2025.

Car Haven Car Park on Bishop’s Road generated nearly half of the entire £1,957,494.77 profit last year with £895,110.42 made in total.

The second-highest profit was made by Riverside Car Park on Embankment Road with a total of £361,082.66.

Acland Street Car Park generated the lowest profit, making just £2,401.50 over the past year.

The Freedom of Information request also revealed figures from the previous two years, with the total profit in 2022/23 being £1,000,970.21 and the total profit in 2023/24 being £2,157,350.96.

How much each car park made in 2024/25

Off Street – Fletton Quays Car Parks £129,650.38 Off Street – Riverside Car Park £361,082.66 Off Street – Brook St Car Park £145,724.89 Off Street – Car Haven Car Park £895,110.42 Off Street – Bishops Rd Car Park £301,202.81 Off Street – Wellington St Car Park £252,642.64 Off Street – Trinity St Car Park £80,258.51 Off Street – Pleasure Fair Car Park £183,420.13 Off Street – Dickens St Car Park £10,253.70 Off Street – Acland St Car Park £2,401.50 Off Street – General (Non car park specific) -£635,649.08 Off Street – Permits (Non car park specific) £231,396.21

Explaining the reason behind such a big loss from ‘Off Street – General’ parking fees, a spokesperson for Peterborough City Council said: “A lot of the costs associated with running a multi location parking operation are difficult to attribute to individual car parks, therefore they are assigned their own budget line which includes such expenses as staff costs, business rates, equipment and software maintenance and licencing costs, cash collection and card transactional charges.

“Where specific costs can be broken down to individual car parks they are, such as electricity, but generally car park incomes are individually assigned whereas expenditure is grouped collectively.

“Although the figures have been presented like this due to the nature of the Freedom of Information request, our off street account is usually presented as the whole operation in terms of income and expenditure.”