Government Investment in London's Infrastructure

Meeting: 
MQT on 2012-09-19
Session date: 
September 19, 2012
Reference: 
2012/2543
Question By: 
Valerie Shawcross
Organisation: 
Labour Group
Asked Of: 
The Mayor

Question

In total exactly how much funding has been given to London by Central Government to pursue the 3 key infrastructure projects to boost London's Economy which were announced in the Chancellors 2011 Autumn statement - namely - the Connected Cities project, the East London River Crossing and the extension to the Northern Line to Battersea ?

Answer

Answer for Government Investment in London's Infrastructure

Answer for Government Investment in London's Infrastructure

Answered By: 
The Mayor

In relation to the Super-Connected Cities project, on 20 September DCMS announced that the London allocation will be £25 million. London was expecting an allocation of between £10-25 million.

On the Northern Line Extension, the Government expressed its support for an Enterprise Zone at Battersea to support the extension, subject to commitment from a developer to develop the Power Station site and make agreed contributions. Under the proposals, additional funds to support the NLE would therefore come from the retention of the projected uplift in business rates in the area.

There has been no specific allocation to the East London River Crossing but discussions with Government continue.