The general GLA grant for 2007-08 has been determined today by the Secretary for State for Communities and Local Government at £38,348,000, after consultation with the Mayor of London. The grant is a block grant paid for the purposes of the Greater London Authority and its functional bodies under section 100 of the Greater London Authority Act 1999.

The grant for 2007-08 is based on the three-year settlement for the grant announced by the Government in November 2004 following the outcome of the 2004 Spending Review, together with additional funding for the Mayor's new housing responsibilities following the outcome of the review of the GLA's powers in July 2006.