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Spring Statement 2018: Transport Secretary welcomes next step in £1.7 billion fund to transform local journeys

Tuesday March 13th, 2018

City regions across England are being invited to bid for funding from the £1.7 billion Transforming Cities Fund to help boost local economies (March 13th).www.govopps.co.uk

The money is a key part of delivering the government’s Industrial Strategy by supporting ambitious and innovative transport projects that will increase productivity and crack down on congestion.

Transport Secretary Chris Grayling MP has welcomed the announcement by the Chancellor of the Exchequer, Philip Hammond, today (13 March 2018) who said city regions will be able to submit a proposal to government, helping identify those with the strongest case for investment.

Up to 10 English city regions will then be selected to work with the Department for Transport to co-develop a strong package of proposals. These will focus on improving public and sustainable transport links to centres of employment and driving up productivity.

Today’s announcement is the next step in the £1.7 billion Transforming Cities Fund, launched as part of the Industrial Strategy at the Autumn Budget 2017 to address weaknesses in city transport systems in order to increase access to jobs and prosperity. This investment is part of the government’s £31 billion National Productivity Investment Fund aimed at improving productivity, which is key to raising living standards.

The fund will support new local transport links, particularly for those struggling to travel between city centres and suburban areas. Proposals will be accepted from local transport authorities outside London who represent a city region with a workday population of around 200,000 or more people.

The first £840 million of the fund has already begun to be allocated, with 6 Mayoral Combined Authorities empowered to deliver schemes that will make commuter journeys faster, better and safer.

The 6 Mayoral Combined Authorities are:

  • West Midlands – £250 million
  • Greater Manchester – £243 million
  • Liverpool – £134 million
  • West of England – £80 million
  • Cambridge and Peterborough – £74 million
  • Tees Valley – £59 million

 

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