GLA underspends 8

Meeting: 
MQT on 2014-03-19
Session date: 
March 19, 2014
Reference: 
2014/1487
Question By: 
Tom Copley
Organisation: 
Labour Group
Asked Of: 
The Mayor

Question

Why are you forecasting to spend none of the £5 million transferred to you for the Custom Build programme in 2013/14?

Answer

Answer for GLA underspends 8

Answer for GLA underspends 8

Answered By: 
The Mayor

There are currently six projects which I am looking to support through this programme which are at pre-bid or due diligence stage. None of these projects need the development finance made available this financial year, but the intention is to fund these projects in 2014/15.