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<p>Transport in London is devolved. It is for the Mayor and TfL to ensure adequate
investment in transport services in London.</p><p><strong> </strong></p><p>Under the
long-term settlement, agreed on 30 August 2022, Government is providing TfL with just
under £1.2 billion of grant funding to support transport, including major projects,
tube upgrades, Active Travel schemes and less congestion for commuters.</p><p> </p><p>This
funding will support almost £3.6bn worth of critical infrastructure projects, matching
the Mayor’s own pre-Covid capital spending plans.</p><p> </p><p>This funding is in
addition to the Government’s commitment at the Spending Review to invest £1 billion
per year until 2025 for TfL’s capital programme through Business Rates Retention.</p>
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