The 2017/2018 Mooring Prices
The Trust provides and manages approximately 3600 long term leisure and residential moorings in England and Wales as part of its discretionary commercial business activities. This represents approximately 11% of the current long term moorings provision – in other words, there are many other private providers of moorings who we are effectively in competition with. The income raised through moorings makes a vital contribution towards the substantial costs of caring for the 200+ year old historic and fragile waterway infrastructure – it requires considerable maintenance, care and attention to ensure future generations are able to appreciate and enjoy the waterways.
The Trust must operate its long term moorings within a strict legal framework which ensures that we comply with UK competition law at all times. The prices we charge for our long term leisure and residential moorings must be set by reference to market rates. This means that moorings cannot be subsidised.
The waterside mooring sales website has now been operating for 15 months. Sales have been exceptional with many selling above the guide price. We are currently at 97% capacity. We have used the sales results to help assess the level of the price increases.
The majority of sites will see a 2.7% increase based on the projected inflation rate for 2017. RPI for January 2017 is already at 2.6%. Sites where we have seen an increased demand via our sales website or where we have made substantial investment will see an above inflation increases. Sites which are still proving to be unpopular will have their prices held.
In summary, 3% of sites will in real terms have no increase. 57% will see an inflationary increase only. 40% of sites have been increased between 1% and 4% above inflation. We will only write to customers on those sites where there has been an above inflation increase.
NB Price increases will only apply to those customers who are currently on 12 month contracts. 3 year contracts are not affected.
For those customers with end of garden moorings (where the moorings is adjacent to their residential property) or those moored on farmers fields, as in the past their permit prices will increase in line with their local ‘indexed’ mooring site.