Mayor announces more than £10m additional funding for boroughs

The Mayor has today announced that an additional £11.6m will be available in this year’s budget to give to councils to fund improvements to their streets and local neighbourhoods (February 14th).The money, which will be allocated between London’s 33 boroughs using the existing fair 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 an unprecedented £237m will now be given to London boroughs to spend on local projects this year overall.Through the TfL Business Plan, the Mayor has committed more than £1bn TfL funding for the boroughs up until 2022/23 – a record level of investment. London boroughs have more funding available from TfL in every year of the current Business Plan than any year under the previous Mayor.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 funding directly to the boroughs is a key part of the Mayor’s Healthy Streets vision of a city that is more pleasant to live and move around in – delivering transport, town centre and public space improvements to benefit the lives of Londoners.