Transport for London: Finance

(asked on 22nd November 2021) - View Source

Question to the Department for Transport:

To ask the Secretary of State for Transport, what plans he has to provide a further funding to Transport for London; and if he will make a statement.


Answered by
Trudy Harrison Portrait
Trudy Harrison
This question was answered on 30th November 2021

Since the start of the pandemic, the Government has provided Transport for London (TfL) with more than £4 billion in emergency funding support. This is in addition to an annual settlement agreed at the Spending Review worth approximately £1 billion per year up to 2024/25. This will be delivered through the GLA via Business Rates Retention and is in line with previous settlements. The Government will continue to discuss any further funding requirements with TfL, but it would not be appropriate to comment on future funding arrangements at this time.

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