Isles of Scilly link to be axed?

The proposed £44million new ferry link between Penzance and the Isles of Scilly is among the transport schemes which the government says might be axed. The Department for Transport tells me:

"At least until the conclusion of the spending review, the department can give no assurances on its intention to fund any schemes that were awarded conditional approval by the previous government."

I hope to speak to Transport Secretary Phil Hammond later today and will seek clarification.