The Mayor’s office says the money, which comes from City Hall’s share of Business Rates, will allow the force to fund “an extra 1,000 police officers than would otherwise be affordable.”
Historically the Met has policed along local council boundaries, with each borough having its own allocation of officers, vehicles and dedicated borough commander. However, in response to budget cuts, it’s been trialling a new structure in which borough commands are abolished and resources pooled.
The Limmo Peninsula site in East London forms a key part of the Canning Town and Custom House regeneration area and is TfL’s single largest plot of vacant land.
The deal applies to new homes costing £350,000 or less and has been backed by major developers such as Berkeley Homes, Redrow and Taylor Wimpey, as well as some Housing Associations.