- 4 updates
- The current lack of profitability in the park's key facilities should be reversed so they can make a full and proper financial contribution towards the running of the Park.
- The level of income raised directly from the park's visitors should be increased to help with the park's running costs.
- The park authority should work much more closely with charities, business groups and other community groups, creating partnerships wherever possible and amending its formal structures where necessary. This should include exploring new funding opportunities.
- The park authority should begin work on a self-financing financial model with the aim of ending the compulsory levy from local authorities within five years. Parliament should also legislate to permanently end the levy within that period, with or without the co-operation of the park authority.
London Assembly member, Richard Tracey today publishes a report calling for London boroughs councils to cease funding the Lee Valley Regional Park in five years with a view to making it self-financing.
The Park, which covers 26 miles from north east London to Essex and Hertfordshire, is part-funded annually by all of London's borough councils under a 1966 Act of Parliament, last year to the tune of £8.9m.
Richard Tracey is calling on the Government to change the law to end these funding arrangements and recommends that the Lee Valley Park is given five years to become self-financing.
Latest ITV News reports
Calls for an end to an unfair tax which sees south London councils fund a north London park