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Transport for London Funding Extension December 2021

05 January 2022

Proposing MP
Grant Shapps Con
Welwyn Hatfield
Type
Written Ministerial Statement
Department
Department for Transport
View on Parliament.uk -->

At a Glance

Issue Summary

This statement updates the House on a seven-week extension of Transport for London's funding settlement.

Action Requested

The Government has agreed to extend the current Transport for London funding settlement from December 17, 2021 to February 4, 2022. This extension provides certainty and allows time for further consideration of the Mayor of London's proposals to raise new income between £0.5bn and £1bn.

Key Facts

  • The current Transport for London funding settlement is extended until 4 February 2022.
  • Over £4bn has been provided in support so far.
  • A letter from the Mayor of London on December 15, 2022 was received with further information about proposals to raise income between £0.5bn and £1bn.
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