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CSR 2010 Regional Breakdown: London

The government has allocated £220 million for the UK centre for Medical Research and Innovation at St Pancras.

As expected, Crossrail will go ahead in its current form, althought reportedly has been delayed by a year, and continued funding has been allocated to help support the tube upgrade programme which will increase capacity by 30 per cent by 2010.

London will also benefit from the creation of the Green Investment Bank that will be funded by a £1 billion spending allocation and will be used to encourage significant additional investment in green infrastructure.

The £1.4 billion Regional Growth Fund will also channel funds into the capital, supporting projects with significant prospects for sustainable private sector growth.

Tax increment financing will enable authorities to borrow against locally raised business rates.

For other regional breakdowns see: