I have today announced the following three-year settlement for the general GLA grant, which is provided by the Government to support the core activities of the Mayor of London and Greater London Authority.
Year 2008-9 2009-10 2010-11 £ million 48.006 48.068 48.136
This settlement includes DCMS’ funding allocation over £9 million per annum for the Museum of London in anticipation of the transfer of its co-sponsorship of the museum to the GLA from April 2008, as well as an additional £0.5 million per annum for the GLA’s other new powers and responsibilities following the GLA Act 2007 and election costs. The settlement also reflects the general requirement on local government for at least a 3 per cent. per annum value for money saving over the Comprehensive Spending Review period.
The general GLA grant will continue to be determined by the Secretary of State annually, in accordance with section 100 of the GLA Act 1999.