Please provide details of all TfL contingency plans concerning recovering loans provided to Earls Court Partnership Limited for the development of the Earls Court and West Kensington Opportunity Area, should the development not go ahead as planned.

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Our ref: FOI-4789-1718/GH

Thank you for your request received by Transport for London (TfL) on 7 March 2018 asking for information about Capco contingencies.

Your request has been considered under the requirements of the Freedom of Information Act 2000 and our information access policy. I can confirm that we do hold the information you require.

TfL has a 37% shareholding in the Earls Court Partnership Ltd (ECPL) joint venture, which owns a cleared 26.4 acre site within the boroughs of Kensington and Chelsea and Hammersmith and Fulham. Investment in the scheme including loans is measured against the value of the site ,which is regularly monitored . Various plans are in consideration to maximise value of the site. What ever happens to the plans, TfL retains this 37% shareholding in the land.

For further information please see the Capco website, which has an illustration of the land ownership:

https://www.myearlscourt.com/the-future/project_area

If this is not the information you are looking for please do not hesitate to contact me.

If you are not satisfied with this response please see the attached information sheet for details of your right to appeal.

Yours sincerely

Graham Hurt

FOI Case Officer

FOI Case Management Team

General Counsel

Transport for London

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