GLA:Mayor Budget Submission

The GLA:Mayor budget is a large and growing part of the GLA Group. In the current Mayor’s first budget published in March 2017, the GLA:Mayor budget at £908 million accounted for less than 6 per cent of the GLA Group. In the 2025-26 GLA Budget this had increased to £3,876 million and 19 per cent of the GLA Group.  The GLA:Mayor budget for 2026-27 includes revenue expenditure of £902 million and capital expenditure of £2.8 billion. This budget covers the cost of the core functions and 14 GLA-led strategic programmes which are:

1.    Building more homes

2.    Making best use of land

3.    Improving London’s housing stock

4.    Reducing inequalities

5.    Accommodation and wider support for those who need it most

6.    Reducing non-residential emissions

7.    Delivering a greener, more climate-resilient London

8.    Cleaning London’s air

9.    Supporting Londoners to benefit from growth

10.    Supporting and inspiring young London

11.    Boosting London’s growth sectors

12.    Helping local economies to thrive

13.    Upgrading London’s infrastructure

14.    Supporting community, cultural and sporting events in London

Key Highlights

• The Draft GLA:Mayor 2026-27 Budget includes a budget gap of £19.2 million which increases to £25.9 million in 2027-28.
• An unprecedented level of uncertainty has led to a “prudentially cautious approach.”
• According to assumptions around what is currently known, funding has reduced from £905 million in 2025-26 to £882 million in 2026-27 due to the end of UKSPF funding from the government this would change if UKSPF funding is replaced.
• Organisational savings of £10 million may need to be found to mitigate the worst impacts of the loss of the UKSPF grant, if it is not replaced.
• Gross revenue expenditure for the 14 strategic programmes included in the Draft GLA:Mayor 2026-27 Budget totals £763 million. More than half of this is funded by £337 million from the Adult Skills Fund (ASF).
• Net revenue expenditure after income is £417 million including £160 million for the supporting and inspiring young London programme and £115 million for Core functions.