From 26 February 2019, the parking tariff is increasing and will be as follows:
Peak times 8am – 8pm (all year round)
Standard tariff Current From 26 February 2019
Up to 1 hour £1.50 £1.70
1 – 1.5 hours £2.00 £2.20
1.5 to 2 hours £2.50 £2.80
2 to 2.5 hours £3.00 £3.30
2.5 to 3 hours £3.50 £3.90
3 to 3.5 hours £4.00 £4.40
3.5 – 4 hours £4.50 £5.00
Over 4 hours £5.00 £5.50
Off peak times 8pm-8am (all year round)
50p per hour 60p per hour
Our annual parking membership is also increasing from £60 to £70 with the membership for Peterborough District Angling Association (PDAA) members increasing from £30 to £35.
We are also changing to one single all year tariff which means the prices and times will remain the same all year round.
Why are you making this change?
The Ferry Meadows parking tariff has remained unchanged for three years and now due to inflation and rising maintenance costs in the Park, the Trust needs to secure additional revenue. The revenue from parking will continue to be an invaluable source of income for us to look after and improve the Park. As a charity, with no funding from taxpayers, Nene Park Trust needs to secure additional income to continue to invest in the Park.
What about all the money that Nene Park Trust has in the bank?
Nene Park Trust holds a large endowment fund. However, under its constitution the Trust is only permitted to spend the income generated from its endowment fund and cannot spend the capital. Since the Trust began in 1988, other reserves have accrued and in more recent years, these reserves have been used to improve the Park – the watersports centre and Lakeside café, Park signs and furniture and the playgrounds to name just a few.
The charity relies heavily on the investment income generated from its reserves to fund the day to day running costs of Nene Park. The Trust has a 999 year lease and therefore needs to maintain the real value of its reserves in the long term, so as to generate the much-needed investment income required to protect the Park for many years to come.
How will the additional revenue be spent?
The additional revenue will help fund the costs of maintaining and improving the Park, keeping it clean and tidy and continuing to provide our much appreciated Duty Ranger service. In addition, some of the funding will contribute to the costs of providing new facilities in the Park to enable the Trust to continue its programme of improvements for visitors.