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LIP grant halted but streets cash flows

Funding

12 June 2020
 

Transport for London has suspended the local implementation plan (LIP) and liveable neighbourhoods funding streams to boroughs because of the financial pressures from Covid-19.  

Paul Chadwick, Wandsworth’s director of environment and community services, told councillors: “As a result of the confirmed withdrawal of LIP funding in 2020/21, a number of committed key capital schemes have a funding gap.

“There is considerable uncertainty regarding TfL funding to boroughs going forward. Officers are working to identify and prioritise opportunities to meet the key gaps in funding from the Neighbourhood Community Infrastructure Levy and Section 106 monies.”

A TfL spokesman told LTT LIPs and liveable neighbourhoods funding had been “paused” and replaced by Streetspace for London funding for the first half of the financial year 2020/21.

“TfL is working closely with the DfT on its Streetspace for London programme. Funding for borough schemes will be agreed between the boroughs and TfL. So far, £9.3m has been awarded to 12 boroughs and TfL will continue to work with the boroughs to agree further funding for projects that support walking and cycling. £45m has been allocated for the borough elements of the Streetspace for London programme in total over the first half of 2020/21.”

TfL has issued boroughs guidance on bidding for the funding. 

Sam Monck, TfL’s head of investment delivery planning for healthy streets, said: “TfL’s financial situation and the need to prioritise London’s recovery has meant that the design, development and funding of pre-existing projects has been paused, including borough schemes funded by us. 

“Many of these will be brought forward and accelerated under the Streetspace for London programme, whereas other schemes may be delivered later than planned.”

 
 
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