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<p>They are one and the same thing. Under section 101 of the Greater London Authority
Act 1999, the Department for Transport provides an annual grant to the Greater London
Authority, known as the GLA transport grant, for the purposes of Transport for London.
In recent years the grant has had both a capital and a resource element to it, sometimes
referred to informally as TfL’s “investment” and “general” grants. In 2015/16 the
GLA transport grant amounted to a little over £1.5 billion in total, split between
some £925 million of capital funding (TfL’s “investment grant”), and some £659 million
of resource funding (TfL’s “general grant”).</p>
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