The Future of Free Parking: What’s Next for This Dragon’s Den Success Story?

Following a roaring success on Dragon’s Den and an investment from Jenny Campbell, ParkingPerx has gone from strength to strength. Founder Chris Reed has pushed for more investment, further high-quality partnerships, the creation of new jobs, and substantial international interest.

On top of Jenny Campbell’s investment, the start-up has received £250k from Mercia Technologies. This has given ProxiSmart, the umbrella company for ParkingPerx, impressive momentum and will facilitate the creation of six new jobs over the next four months. 

ParkingPerx has announced an enviable list of High Street brands and Merchants where shoppers will be able to earn their free parking rewards. Household names including ASDA, B&Q, Costa, H&M, Primark, John Lewis, Tesco, JD Sports, Waterstones, Clarks and Pizza Hut will all be partnering with the innovative free App (a full list of partners is available on request).These big names will give ParkingPerx an anchor in every high-street throughout the country, and they are sure to draw in publicity and customers. 

If this wasn’t impressive enough, ParkingPerx has also partnered up with RingGO — the UK’s largest cashless parking solution provider. RingGO is already established in over 400 locations across the country providing ParkingPerx with the opportunity to be available nationwide.

Chris Reed isn’t stopping there! There are big plans for the future. The recently announced sister app, TravelPerx, is set to reward commuters with free public transport in 2020! Similar to ParkingPerx, this app will team up with some big brands to reward shoppers with discounted or FREE public transport. Addressing this exciting news, Chris Reed said: 

“The solution aims to uplift the local economy whilst incentivising greener travel choices to reduce congestion in our cities.”

Watch this space and expect to see ParkingPerx rolled out in a number of key locations soon. After it has been trialled in the UK, ProxiSmart will then tackle the international market. Interest in the app has already been shown in Spain, Belgium, Brazil, Australia, South Africa, UAE, Ireland, and the USA.This Dragon’s Den success story is set to change the nature of parking, shopping, and public transport in highstreets around the world. Watch out for the app rolling out in your hometown during 2020.


Our Other Titles


Assetz Capital provides £1million loan to fund new residential development

MARKETPLACE lender Assetz Capital has provided a loan in excess of £1m to Status Properties Ltd to help fund the development of new apartments on...

177 Bothwell Street to contribute £2.8 billion to Scotland’s economy

HFD GROUP’S ambitious new office development at Glasgow’s 177 Bothwell Street is set to generate a substantial, long-term contribution to the Scottish...

Middle East investors deployed £230m into Scotland in 2019

RESEARCH released by global real estate advisor CBRE has revealed that the UK regions outside of London were the preferred destinations for...

Scottish education funding rises to £3.57 billion

EDUCATION and skills funding will rise 1.7% in real terms to £3.57 billion, under the proposed Budget 2020-21. Speaking...

Time for expansion as watchmaker anOrdain secures loan from UMi Debt Finance Scotland

WATCHMAKER anOrdain is set for growth after sealing a loan deal with UMi Debt Finance Scotland, a £12 million fund that forms...