Statement on Formula E

Cllr Cook said: “Formula E has notified us that they will be holding their final races in Battersea Park this summer and that from 2017 onwards they will be seeking alternative locations. Our understanding is that this now includes the possibility of a street circuit in central London, which has always been their preferred option but was not previously possible.

“As a result we have secured a financial agreement with Formula E which includes a compensation package for loss of income in 2017. This means that the total amount the council will receive from Formula E for staging these racing events in the park has reached £2.85m.

"Some of this money will be spent on maintaining and improving Battersea Park, while the rest is helping to fund the vital frontline services that our residents rely on the most like services for vulnerable children, libraries, day centres for older people, support for disability groups and other important functions like fixing potholes and keeping our streets clean.

"I am proud it was this council that brought such a prestigious global event to London and I look forward to July's races which will be enjoyed by thousands of Londoners and Wandsworth residents alike. This council will continue to make sure that Battersea and all our other parks are used in ways which can benefit all our residents."

This year’s London E-prix will take place as scheduled in Battersea Park over the weekend of July 2 and 3.