Transport for London: Finance

(asked on 22nd June 2021) - View Source

Question to the Department for Transport:

To ask the Secretary of State for Transport, if he will launch a public consultation on the conditions set out in future funding settlements with Transport for London, including on the restoration of that organisation's operating grant.


Answered by
Rachel Maclean Portrait
Rachel Maclean
This question was answered on 30th June 2021

Ministers and Officials at the Department for Transport hold regular discussions with key stakeholders on London Transport and funding. Alongside the extraordinary funding and financing support packages during the pandemic, the Government has made significant resources available to both Transport for London and the GLA, including new income from retained business rates, Business Rate Supplement and extended Mayoral Community Infrastructure Levy (MCIL2).

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