TfL funding extension secured until February 4th 2022 but long-term sustainable funding needed to avoid a managed decline in services thereafter

 Gary Nolan, Transport for London's Strategic Engagement Lead wrote to local councillors late last night to tell them that negotiations had produced a short-term extension of government funding.  This followed a major campaign by the London Mayor about the potential impact of a failure to agree funding that would include closing some underground lines and curtailing services.

We have today agreed a further short-term extension to our current funding agreement with the Government. The extension will continue to 4 February 2022 and will allow us to run services and meet all our contractual commitments until then. No new Government funding has been provided for borough funding and active travel during the extension period.

 

Funds already allocated from both the June settlement and the Government's Active Travel Fund are still available to continue the delivery of agreed projects, but we are unfortunately not able to allocate any new funding to boroughs during the extension period. I understand this is disappointing, however we are grateful for this support and, given the very short-term nature of this new funding extension, work must now continue to engage the Government in meaningful discussion on long-term sustained funding so that a hugely damaging period of managed decline can be avoided.

 

We are determined to play our full role in the next phase of pandemic and continue to support the capital as we have to date.