Price rise for London moorings
More than 90% of Waterside Moorings customers in central London will see the cost of mooring their boat rise following a review of prices.
Waterside Moorings manages the Canal & River Trusts' permanent moorings in England and Wales and conducted a review last year to bring prices into line with market rates.
Sixteen per cent customers will see prices increase between inflation and 1% above inflation. Prices for 8% of customers in London will remain the same and receive no increase. The remainder of customers will see prices rise more significantly, but the trust will cap annual increases to a maximum of 10% for a transition period of up to five years.
“We want our customers to stay with us rather than go elsewhere, so I can assure them that any price change will still ensure that our moorings are in line with prices charged for comparable moorings elsewhere in London," said Mark Evans, head of Waterside Moorings.
“I understand and appreciate that making the necessary financial adjustments to afford the new mooring fee may be tough for some of our long-standing mooring customers. We are therefore not going to impose the full increase straight away, but rather, phase the increase over the next five years."
The price review was conducted in consultation with customers and mooring and boaters' groups and was ratified by an independent third party who found the process fair and reasonable.
Waterside Moorings manages 3,600 moorings across England and Wales, 300 of which are in the capital. All are permanent.
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