Spending Review outcome FY 2026/27 to 2029/30

Transport For London

11 June 2025

 

Transport for London (TfL)

11 June 2025

Transport for London - Spending Review Outcome FY2026/27 to 2029/30

TfL announces that following the 2025 Spending Review, the Government has announced a capital funding settlement of £2.2bn covering the period from 2026/27 to 2029/30. This will support rolling stock upgrades on the Piccadilly, Bakerloo, Central lines and Docklands Light Railway (DLR). The Government is also committed to working with TfL to explore options for  delivery of DLR to Thamesmead.   

The terms of that funding settlement are approaching finalisation. TfL has worked closely and productively with the Department for Transport (DfT) over the past few months on TfL's funding settlement as part of the 2025 Spending Review and TfL will provide a further update on the settlement letter when it is finalised and it will be published on the following page of our website:

 https://tfl.gov.uk/info-for/investors/funding-letters

For further information, please contact:

Transport for London

5 Endeavour Square

London

E20 1JN

Email: [e-mail]

 

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