Request ID: FOI-0807-2324 Date published: 11 July 2023
You asked
Please confirm how much money TfL has accumulated from the lane rental scheme since its inception, and how much it holds in reserves at the moment.
What specific projects have been allocated funding from the lane rental scheme funding?
We answered
TfL Ref: FOI-0807-2324 Thank you for your request received by Transport for London (TfL) on 14th June 2023 asking for information about lane rental finances. Your request has been considered in accordance with the requirements of the Freedom of Information Act and our information access policy. Specifically you asked: “Please confirm how much money TfL has accumulated from the lane rental scheme since its inception, and how much it holds in reserves at the moment. What specific projects have been allocated funding from the lane rental scheme funding?” I can confirm that we hold the information you require. TfL’s Lane Rental Scheme charges companies that undertake works on the busiest parts of the TfL road network, at times when demand from people making journeys is at its highest. Surplus income generated from the scheme is then reinvested back into the industry through congestion busting initiatives, which aim to improve current practices and accessed through different routes. Total revenue since inception as at end of 21/22 is £72.6m. Our reserve balance is £25.2m - see page 115 of the following link: Annual Report and Statement of Accounts 2021/22 (tfl.gov.uk) You may also be interested in the information on page 44 about reducing roadwork disruption through the Lane Rental Scheme, and page 135 which references our accounting policy on the utilization of reserves for the Lane Rental Scheme. A catalogue of funded projects can be found on TfL’s Lane Rental scheme webpage - see here: TfL Lane Rental Scheme Innovation Catalogue 202305. If this is not the information you are looking for, or if you are unable to access it for any reason, please do not hesitate to contact me. Please see the attached information sheet for details of your right to appeal as well as information on copyright and what to do if you would like to re-use any of the information we have disclosed. Yours sincerely, David Wells FOI Case Officer FOI Case Management Team General Counsel Transport for London
