Only a few days to go: We’re raising £25,000 to keep TheyWorkForYou running and make sure people across the UK can hold their elected representatives to account.

Donate to our crowdfunder

LLDC Income (1)

Questions to the Mayor of London – answered on 17th October 2019.

Alert me about debates like this

Photo of Navin Shah Navin Shah Labour

The LLDC Quarterly Corporate Performance Report for January to March 2019 says there is a, “Risk relating to capital and revenue income”. Can you outline what the risk is and what the mitigations are?

Photo of Sadiq Khan Sadiq Khan Mayor of London

LLDC expects to derive significant future capital receipts from the disposal of land and property on Queen Elizabeth Olympic Park. These anticipated receipts are subject to risks inherent to the real estate sector, such as changes in market demand and house prices.

LLDC’s revenue income is derived from a number of sources, including its venues and attractions and the Fixed Estate Charge (FEC). These sources of income are subject to risks such as customer/user demand and the changes to LLDC’s development programmes (which can affect the timing of FEC income).

To help mitigate the above risks LLDC takes a range of actions, including close monitoring of market conditions, close working with the GLA, agreeing a housing strategy and ensuring propositions are attractive to the market and customers/users (in respect of the venues and attractions).