Transport for London: Finance

(asked on 9th February 2016) - View Source

Question to the Department for Transport:

To ask the Secretary of State for Transport, pursuant to the Answer of 2 February 2016 to Question 24092, whether the transport grant his Department provides for Transport for London (TfL) is included within, or is separate from, the general grant paid to TfL and the Greater London Authority.


Answered by
Robert Goodwill Portrait
Robert Goodwill
This question was answered on 15th February 2016

They are one and the same thing. Under section 101 of the Greater London Authority Act 1999, the Department for Transport provides an annual grant to the Greater London Authority, known as the GLA transport grant, for the purposes of Transport for London. In recent years the grant has had both a capital and a resource element to it, sometimes referred to informally as TfL’s “investment” and “general” grants. In 2015/16 the GLA transport grant amounted to a little over £1.5 billion in total, split between some £925 million of capital funding (TfL’s “investment grant”), and some £659 million of resource funding (TfL’s “general grant”).

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