Nottingham workplace levy could finance public transport

 
Nottingham City Council is consulting on its proposals to introduce a workplace parking levy to raise funds for local transport improvements and reduce congestion.

If introduced, a WPL would see around 500 large employers paying an initial annual fee of £185 for each of its parking spaces. This would raise up to £12m a year, which would contribute towards the expansion of Nottingham’s tram system and better bus services.

A recent report by East Midlands Development Agency calculated the cost of congestion to the region’s businesses at more than £900M a year.

Council leader, Councillor Jon Collins, said: ‘No locally-raised funding means no more trams, simple as that. A workplace parking levy is one possible way of raising sufficient funds locally to provide the public transport needed to reduce the growth of congestion.’

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