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£17m ‘contingency funds’ for London’s Councils

February 24, 2009 - Martin Hoscik@martinhoscik

London’s councils are to receive more than £17 million in contingency payments from Central Government, the Local Government Minister John Healey has announced.  The funds are being made available from the Local Authority Business Growth Incentives (LABGI) scheme and can be used as boroughs see fit to help meet local needs and priorities.

Announcing the funds, Mr Healey commented: “I am pleased to be able to confirm the share of £100 million that councils will get, with no strings attached and extra to the core grant they receive, which will be a real boost to councils’ coffers as they provide much-needed support to their communities – particularly in these tough economic times.”

How the money will be distributed
Council                     Contingency payment (£s)
Barking and Dagenham                       90,639.02
Camden                                             –
Enfield                                   375,180.51
Greenwich                                 232,818.86
Hackney                                   212,476.10
Harrow                                     95,764.57
Hounslow                                           –
Waltham Forest                            418,559.31
Ealing                                  1,501,121.10
Lambeth                                            –
Redbridge                                 236,094.99
Haringey                                  270,698.29
Sutton                                     80,216.48
Bexley                                             –
Kingston upon Thames                      265,423.75
Lewisham                                   80,992.54
Brent                                   1,137,919.28
Westminster                             4,429,262.66
Merton                                             –
Kensington & Chelsea                    1,626,559.34
Islington                                          –
Bromley                                   141,119.51
Havering                                  302,715.03
Croydon                                   437,848.34
City of London                                     –
Hillingdon                                827,785.91
Southwark                               2,627,838.82
Richmond upon Thames                       56,503.52
Tower Hamlets                             215,033.33
Newham                                    387,332.63
Hammersmith & Fulham                      148,036.97
Barnet                                    761,047.86
Wandsworth                                386,161.63
TOTAL                                  17,345,150.35

Source: Department for Communities and Local Government

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