- Reference: 2016/3846
- Question by: Tom Copley
- Meeting date: 19 October 2016
On 13 August 2016 the Chancellor, Phillip Hammond MP, confirmed that all structural and investment fund projects signed prior to the 2016 Autumn Statement (due in December 2016) would be fully funded by the Treasury. However, no guarantee was given for projects signed after the Autumn Statement. As at mid-August 2016, only £44 million (just eight per cent) of ESIF projects had been formally signed in London, leaving £540 million currently yet to be agreed. Are you concerned London is going to lose almost half a billion pounds in funding?