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Local pinch point fund

Questions to the Mayor of London – answered on 23rd September 2019.

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Photo of Florence Eshalomi Florence Eshalomi Labour

Why are TfL and the London Boroughs excluded from applying to the £150m local pinch point fund?

Photo of Sadiq Khan Sadiq Khan Mayor of London

It is disappointing that, unlike the rest of the UK, the vast majority of London’s road network receives no sustained central Government funding for maintenance. London is also excluded from a number of ad hoc funding pots, including the local pinch point fund.

Longer-term funding certainty on city region road networks, rather than ad-hoc settlements, would allow more cost-effective and sustainable asset management. I have written to the Chancellor to explain that, to meet demand and support London’s growth, Transport for London urgently needs certainty of long-term, sustained funding, either through the restoration of a grant or by fiscal devolution.

I want to work with Government to urgently agree a settlement which provides long-term funding certainty to support investment in our transport network, including London’s roads.