Home | LATEST NEWS | Latest round of funding from TfL’s Growth Fund announced
Latest round of funding from TfL's Growth Fund announced
Latest round of funding from TfL's Growth Fund announced

Latest round of funding from TfL’s Growth Fund announced

The latest round of funding from Transport for London’s (TfL’s) Growth Fund will upgrade a number of transport facilities across the capital.

Announced by the Mayor of London, Sadiq Khan, the latest round of funding is worth £24 million and will result in transport upgrades throughout the capital.

The work will also unlock jobs, growth and the construction of new homes, ensuring one of the government’s key priorities of getting Britain building again is met.

The Growth Fund helps to finance transport infrastructure schemes that are sustainable and unlock the regeneration opportunities needed for the likes of new housing and jobs.

Already, more than 15 schemes have benefited from the Growth Fund – which was expanded to £550 million in December 2016 – including new stations in Tottenham Hale and White Hart Lane.

The Mayor of London described this new round of funding is “vital” and will undoubtedly benefit businesses and the economy, giving people more reliable journeys.

The four projects in question are the upgrade of Walthamstow Central Station; a new station building in Colindale; enhanced capacity on Elmers End branch of London Town; and a new southern entrance at Ilford Station on TfL Rail.

Mr Khan said: “I’m delighted to be announcing the next four schemes that will benefit from our Growth Fund – millions of pounds of investment that will directly improve people’s daily experience on our public transport network and unlock vital new housing and jobs.

“As London’s population grows, it is essential we continue to build world class infrastructure like new Tube stations across the capital, but also target improvements in a way that can help deliver the new homes Londoners desperately need.”

It is hoped that delivery of these four schemes will commence before the end of the year; for now, TfL will work with councils, property developers and other stakeholders to finalise the funding packages for all projects.

Check Also

BVRLA reveal popularity of electric vehicle lease ‘packages’

The British Vehicle Rental & Leasing Association (BVRLA) believes electric vehicle lease ‘packages’ will grow …