A cycling charity handed vast sums of taxpayers’ money to introduce controversial low traffic neighbourhoods (LTNs) has amassed £165 million and doubled the number of executives paid up to £140,000.
Sustrans’ latest accounts show how it also received £92 million in grants from national and local government bodies.
The charity, which for years has lobbied politicians to back LTNs, has £165,205,000 as “cash or cash equivalents” in the bank, according to its accounts for the 2022-23 financial year.
Its annual report reveals how the charity has benefited from the Government’s LTN policy introduced in 2020 to promote walking and cycling at the height of the pandemic.
The huge sums Sustrans now handles are in stark contrast to 2017 when it had £16million in the bank and and 2018 when it had £25 million in cash.