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 (3)

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

Alert me about debates like this

Photo of Navin Shah Navin Shah Labour

When do you expect the LLDC to reach a breakeven financial position? Do you expect the LLDC to be viable in the long term?

Photo of Sadiq Khan Sadiq Khan Mayor of London

Further to the answer provided to Mayor’s Question 2019/20029, the GLA is funding LLDC to stimulate the regeneration of their area, delivering a wide range of benefits for Londoners including new homes and jobs. New developments on and around the Park will generate around £200 million of additional council tax and business rates per annum by the end of the 2030s.  LLDC will continue to require subsidy to fund their activities. The long-term position is being reviewed as part of the transition strategy that is currently being prepared.