The FTA helps London’s firms save millions
Businesses in the capital could save millions of pounds thanks to an initiative spearheaded by the Freight Transport Association (FTA) to reduce the number of parking fines or Penalty Charge Notices (PCNs) given to commercial vehicles.
The leading trade body has revealed that members have so far benefited from a 30 per cent reduction in PCNs in the City of Westminster, with similar results seen in other London boroughs, following extensive work by FTA. The potential savings to business could amount to tens of millions of pounds.
Gordon Telling, FTA’s Head of Policy for London, said: “Some of our members were paying more than a million pounds every year in fines. Added to this was the cost of appeals of administration, placing a huge burden on companies just trying to do business in the capital.”
The issuing of PCNs and their subsequent cancellation as they are appealed by the delivery company is costly to both business and local authority alike. This activity costs the City of Westminster alone around £3m a year.
FTA’s ongoing scheme, which has seen some companies slash their bills by as much as 65 per cent, owes a lot of its success to the doubling of loading times from 20 to 40 minutes. To date, Richmond is the only London borough not to have adopted this change.
See also:
No comments yet
