• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar

MayorWatch

London News and Comment

  • NEWS

Ministers grant TfL 10 day funding extension pending final deal

May 18, 2021 by Martin Hoscik

The government has extended its financial support of Transport for London for a further ten days while discussions to agree a long-term funding package continue.

The existing package, introduced in the wake of the pandemic, was due to expire today following an earlier extension. TfL will now get an additional £65 million on top of the £3bn provided so far. 

In a statement, Transport Secretary Grant Shapps said the latest extension “will provide certainty while we finalise the terms of the next funding deal which will get TfL onto a more financially sustainable footing.”

“Support for London needs to be balanced with the national recovery and ensure fairness and value for money for the taxpayer. The government will continue to work with TfL and the Mayor so TfL can be financially sustainable as soon as possible.”

A TfL spokesperson said: “We continue to discuss our funding requirements with the government and hope these discussions can be concluded successfully soon, to enable a strong and robust recovery from the pandemic. “

  • Click to share on X (Opens in new window) X
  • Click to share on Facebook (Opens in new window) Facebook
  • Click to share on Tumblr (Opens in new window) Tumblr
  • Click to share on Pinterest (Opens in new window) Pinterest
  • Click to share on LinkedIn (Opens in new window) LinkedIn
  • Click to share on Reddit (Opens in new window) Reddit
  • Click to print (Opens in new window) Print
  • Click to email a link to a friend (Opens in new window) Email

Filed Under: News

RECENT UPDATES

Tube and rail users to benefit from Oyster weekly fares cap

Mayor and TfL call on ministers to help plug funding gap

Tube to get full mobile phone coverage from 2024

TfL says Direct Vision Standard is already making HGVs safer for London road users




POPULAR

City Hall to move to Docklands as Mayor seeks to raise £55m for frontline services

‘Concern’ over TfL’s ability to deliver major projects in wake of Crossrail cost overruns

City Hall halts London Overground ticket office closures but many will still see opening hours reduced

Transport for London confirms bus cuts will go ahead despite passenger opposition

Copyright © 2025 · Terms of Use · Privacy Policy