Responding to the announcement of a funding settlement for Transport for London (TfL) until 31 March 2024, Policy Chairman at the City of London Corporation, Chris Hayward, said:

“We welcome the news that a funding settlement for TfL has been reached. Among other things, it will enable TfL to deliver on its planned Bank station upgrade and complete the Elizabeth Line.

“We have long been clear that securing a sustainable, long-term funding settlement for TfL is vital to the capital’s recovery.

“Businesses, residents, workers and visitors need certainty to ensure the Square Mile remains a world-class destination.

“Over 80% of workers travelling into the City use public transport, and a reliable transport network with sufficient capacity is essential to support the City Corporation’s vision for Destination City, attracting more visitors and workers into the Square Mile.”

ENDS

Notes to editors

The City of London Corporation is the governing body of the Square Mile dedicated to a vibrant and thriving City, supporting a diverse and sustainable London within a globally-successful UK. www.cityoflondon.gov.uk

About Chris Hayward
Throughout his career Chris Hayward has worked in the construction, aviation, infrastructure and global events management sectors.

He is currently a Director at leading communications agency JBP, a Director at professional services consulting firm WSP in the UK and Director of Hayward Properties Limited.

He is a former Deputy Leader of Hertfordshire and Dorset County Councils.

As Policy Chairman, he will effectively operate as the political Leader of the City Corporation.