THE cost of parking permits for residents in a large part of Glasgow's West End is set to be slashed - but businesses will have to pay £700 a year to park near their premises.

Hillhead residents currently pay £135 for an annual permit allowing them to park at their homes. But the council is considering reducing this to £50 to bring the area in line with other parts of the city.

The area affected is bounded by Byres Road to the west, Great Western Road to the north, Caledonian Crescent and the River Kelvin to the east, and Westbank Quadrant and University Avenue to the south.

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A wide range of other changes are planned and have been put out to consultation. Parking restrictions in Hillhead currently operate from 8.45am to 5.15pm, five days a week. The plan is to extend them from 8am-10pm, Monday to Sunday.

Parking bays could be introduced that could be used by residents and visitors. Non-residents are currently banned from using resident-only bays.

Business parking permits will be introduced at a cost of £700 a year, while residents' visitor vouchers will cost £2 for a six-hour period.

A public exhibition of the proposals is at Hillhead Library and available for viewing on Thursday from 2-8pm, 9am-5pm on Friday and 10am-2pm on Saturday.

The public has until March 14 to comment.