The LDA's funding of cultural projects
Our investigation highlighted serious concerns with the processes used by the London Development Agency (LDA) to manage and monitor the cultural projects that it funds to the tune of tens of millions of pounds.
The Committee’s report, which has a particular emphasis on six projects, concluded that:
- The LDA was unable to demonstrate in some cases what it expected to get in return for its funding, and did not fully demonstrate that it had adequately monitored projects as they developed, or evaluated the outputs.
- There is a lack of detailed evidence considering project risks and their impacts.
- There is insufficient documentation to explain why the LDA become involved in these projects.