(1888PressRelease)
April 15, 2009 - The cancellation of parking charges apply to all of the borough’s 5,600 pay and display parking bays, allowing drivers to park for a maximum of two hours and saving them up to £6 per week.
Although the scheme will cost the council around £300,000 in lost revenue, it is hoped it will provide a vital boost to businesses in the area that are suffering from reduced trade due to the economic climate.
The scheme has naturally been welcomed by local retailers, as expressed by Costas Kleanthous of Kleanthous Antiques on Portobello Road, who said: "We are grateful and we congratulate the Council for taking this imaginative initiative which, I'm sure, will encourage many more people to come to shop in the Portobello Road Market as well as the rest of the Royal Borough."
Merrick Cockell, leader of Kensington and Chelsea Council, said "the scheme has thrown a lifeline to our beleaguered shop owners who have suffered a slump in trade" and that it reflects the council’s determination to aid local businesses.
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