LWaRB budget cuts (1)

Meeting: 
MQT on 2010-09-15
Session date: 
September 15, 2010
Reference: 
2010/2807
Question By: 
Darren Johnson
Organisation: 
City Hall Greens
Asked Of: 
The Mayor

Question

What cuts are planned or expected to the original £60million investment fund allocated from Defra for the LWaRB's waste work programme 2008-11?

Answer

Answer for LWaRB budget cuts (1)

Answer for LWaRB budget cuts (1)

Answered By: 
The Mayor

The London Waste and Recycling Board (LWARB) has agreed with Defra an £11.1m (18.5%) reduction in the current funding round from £60.0m to £48.9m. However, a further £0.5 million has been provided to LWARB, from the liquidation proceeds of London Waste Action, bringing the net reduction to £10.6 million.

The period of availability of the fund remains as up to 31 March 2011 during which LWARB will continue to focus on investing in waste infrastructure as a priority. There have been no other changes to any other terms of the funding agreement but it has been necessary to alter the allocation of funds in light of the funding reduction. These alterations have been agreed by the Board in an amendment to the current Business Plan.