Increase commercial income targets

Meeting: 
MQT on 2016-11-16
Session date: 
November 16, 2016
Reference: 
2016/4446
Question By: 
Florence Eshalomi
Organisation: 
Labour Group
Asked Of: 
The Mayor
Category: 

Question

TfL plans to generate £3.4bn in commercial income between 2013 and 2023, which is 30% more income than the previous 10 year business plan. Do you plan to increase this target still further?

Answer

Answer for Increase commercial income targets

Answer for Increase commercial income targets

Answered By: 
The Mayor

It has been brought to my attention that MQ 2016/4446, that you submitted on 16 November, has not received a response. I apologise for this oversight.

 

TfL has ambitious financial targets to deliver £3.4bn in net non-fares revenues by the financial year 2023/24. To date, TfL is ahead of its income target with £457m achieved against a target of £403m over the past two years, and TfL will continue to push beyond the target wherever possible in the future.