OPDC Housing Infrastructure Fund bid (4)

Meeting: 
MQT on 2019-03-21
Session date: 
March 21, 2019
Reference: 
2019/6364
Question By: 
Andrew Boff
Organisation: 
GLA Conservatives
Asked Of: 
The Mayor

Question

In the event that the HIF bid is unsuccessful, do you still intend to provide a total of £38.4m of funding to the OPDC in the years 2019/20 to 2022/23?

Answer

OPDC Housing Infrastructure Fund bid (4)

OPDC Housing Infrastructure Fund bid (4)

Answered By: 
The Mayor

The Chancellor of the Exchequer included the HIF bid for Old Oak in the Spring Statement on Wednesday 13 March 2019. This is very positive news for the regeneration plans at Old Oak. The sum of £38.4m for 2019/20 to 2022/23 represents the approved budget for OPDC’s revenue expenditure in 2019/20 and planned expenditure for the following three years.