How much is a liftshare scheme likely to save on your annual parking costs?

Feedback from liftshare clients has shown that typically:
A reasonable target would be to reduce the number of parking spaces required by 20% in 4 years. To achieve that you should have the following resources available:

• Administrator time:
  
  An average of 30 minutes a week for every 20 parking spaces your organisation has.
• Marketing budget:
  
  The costs of marketing car sharing should relate to the total number of parking spaces. Marketing material should typically cost no more than £200 per 20 parking spaces per year.
• Incentive budget:
  
  The costs of incentivising car sharing vary widely but an average would be £200 per 20 spaces per year. (This includes things like offering guaranteed ride home, reserved parking space, monthly prize draw).

 

Cost Benfit Calculator

How many parking spaces do you have?: more information about number of car parking spaces

Do you know the average annual cost of each space?: £ more information about annual cost of each car parking space

Use assumptions or edit the assumptions below

Admin Time (in minutes/week) minutes per 20 spaces: more information about admin Time (in hours/week) hour per 20 spaces

Admin cost per hour: £ more information about admin cost per hour: £

Weeks per year: more information about weeks per year

Software Setup Cost: £ more information about software setup cost

Annual Software Cost: £ more information about annual Software Cost

Annual Incentive cost/20 car park spaces: £ more information about annual incentive cost per 20 car park spaces

Annual marketing material cost/20 car park spaces: £ more information about annual marketing material cost per 20 car park spaces

% of car parking spaces saved each year: % more information about car parking spaces saved

NB: The table above only looks at the savings from reducing parking spaces. The other savings such as cutting business travel costs, increasing punctuality and reducing local congestion will simply add to the benefits of setting up a scheme.

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