Assurances sought over LDA budget rumours

The Greater London Assembly has asked for assurances on the future of the London Development Agency following reports it’s budget could be cut by £150m.

The Chair of the London Assembly’s Economic Development, Culture, Sport and Tourism Committee wrote to Mayoral advisor Anthony Browne seeking “urgent clarification from the Mayor’s office about the impact of the Comprehensive Spending Review on the London Development Agency’s (LDA) £156m non-Olympic budget”.

The letter questions whether the Mayor will be able to continue to deliver on his economic development priorities if funding is significantly reduced. Browne said last week that around 150 LDA staff could be transferred to the Greater London Authority, but this would depend on part of the LDA’s funding being passed on to the GLA from 2012.

Len Duvall AM, Chair of the EDCST Committee said: “I am concerned that an LDA stripped down to the bone, and folded into the GLA, will simply not be able to deliver these functions.”

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