The Isle of Wight Council may not make as much money as it hoped this year from car parking fees.

Recent figures from the authority show it could be £293,000 out of pocket if its car parking income does not increase by the end of March 2024.

It comes from looking at figures from the first three months of the financial year (from April to June), where the authority did not achieve what it wanted from car parks and the All-Island Parking Permit.

The council agreed earlier in the year to raise parking fees but the price hike only came into action from July, in time for the summer and following the income shortfall.

How much did the Isle of Wight Council make last year from parking fees? 

In most instances, fees rose by 25p an hour for car parks and on-street parking spaces across the Island.

The increase was expected to net the authority £195,000 a year more.

The overnight parking charges also increased all year round to make the council an additional £36,600 a year.

Fees now stick at £2 for parking between 6pm and 8am all year round, instead of decreasing to £1 during the winter months.

The All-Island Parking Permit jumped 20 per cent in price, for a 12-month pass, from £540 to £648.

If you were to pay for a single month pass, the charge has also increased by £10, from £50 to £60.

The increase in the All-Island permit was hoped to bring in £60,000 for the council but the sales have been down.