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HS2 Ltd annual spend rises to £208m

17 December 2014
 

Government company HS2 Ltd has spent more than £440m since it was incorporated in January 2009, according to its latest annual report.

The company, which is entirely grant-aid funded by the DfT, received £208.4m for the financial year ended 31 March 2014.

Expenditure has grown exponentially since the project started to take shape: from £9.4m (2010); to £14.6m (2011); £33.9m (2012); and £176.4m (2013). The total DfT payout to date comes to £442.8m.

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