Monthly journal Parking Review has been the definitive source of news and intelligence on the UK and international public and private parking sectors since 1989.

Rescue plan or endgame?

NCP’s bid to obtain rent reductions has been triggered by the impact of COVID, but also signals deeper economic challenges

Mark Moran
10 May 2021
NCP says lockdown has seen it suffer an 80% reduction in revenues
NCP says lockdown has seen it suffer an 80% reduction in revenues

 

The news that NCP is planning to take legal action to get a reduction in the rents it pays across its estate has made national headlines. Parking operators have felt the impact of coronavirus travel restrictions particularly keenly: NCP says lockdown has seen it suffer an 80% reduction in revenues.

The company has also flagged up the way in which the pandemic has rapidly accelerated the pace of societal changes, saying a combination of flexible working, traffic control measures and the rapid...

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