Chief executive of LTC, Peter Johansen, said: “We are extremely pleased to be able to help keep Knowledge Point open.
“The knowledge is a proud tradition among London black-cab drivers, and still as relevant today as ever before. This intensive training sets them apart from minicab drivers, making them indispensable to London and the UK, and provides highly skilled professional jobs for 25,000 taxi drivers in London.”
The taxi school will now operate out of its new premises rent free and LTC expects many more graduates are likely to be ready to drive black cabs.