The Garden Bridge will be an unforgettable project which will transform the central London landscape.
It is right and understandable that public funding in the UK is regularly reviewed by Government. The Mayor of London is accountable for Londoners’ money. So the Trust will work with Dame Margaret Hodge and her review in the same way we have with all other reviews in the past.
This is a review of public funds which were committed to the project as a way to unlock private funding. This public funding was always intended for use early on in the project before construction work started.
Dame Margaret has made it clear that her remit is to assess the public sector contribution to the Garden Bridge project and whether value for money has been achieved. It is not, in her words, to decide on whether the Bridge should be built.
£38m of public money has been invested so far in the project which has unlocked millions in private donations. Both the Government and the Mayor have stated their support for the Bridge. The Mayor has also stated that pragmatically it makes sense to continue with the project. He has also acknowledged that the Trust is “working incredibly hard to get private donors.’'
The Garden Bridge Trust is focused on moving ahead and on raising more private money to deliver the iconic Garden Bridge.