Mayor announces increase to TfL borough funding

The Mayor of London has today announced that an additional £11.6m will be available to boroughs in TfL’s business plan to fund improvements to their streets and local neighbourhoods.

The money, which will be allocated between London’s 33 boroughs using the existing  formula for funding, is to support transport projects in the capital. It will be used in areas like reducing road danger, transforming local environments, encouraging cycling and walking, accessibility and improving air quality.

In total £237m will now be given to London boroughs to spend on local projects this year overall.

Alongside the committed Mini-Hollands schemes, funding from TfL now includes a new funding stream – the multi-million pound Liveable Neighbourhoods scheme specifically designed to enable more walking and cycling in every London borough. This will provide £114m to improve local environments across London – and initial funding has already been awarded to Ealing, Greenwich, Hackney, Haringey, Havering, Lewisham and Waltham Forest.

The Mayor of London, Sadiq Khan, said: “Over the course of the next five years, we’ve committed an unprecedented £1bn for boroughs to improve local neighbourhoods across London – with a focus on schemes that encourage walking and cycling, making our high streets cleaner and more enjoyable places to spend time.

“The extra £11.6m funding I’m announcing in this year’s budget means more funding to get projects off the ground this year, with boroughs having more money available to them than any year under the previous Mayor. We will continue to work closely with boroughs to ensure these schemes are the very best they can be, and truly transform quality of life for Londoners right across the city.”

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