Transforming Cities Fund will target projects which ‘drive productivity’, and chancellor Philip Hammond offers further transport funding in budget

 

 

Prime minister Theresa May has launched a new £1.7bn fund to transform transport connections within England’s city regions.

Announced ahead of last week’s budget, the new Transforming Cities Fund will target projects which “drive productivity by improving connectivity, reducing congestion and utilising new mobility services and technology”.

Half will be allocated to transport projects in cities via competition and the other half will be allocated on a per capita basis to the six combined authorities with elected metro mayors – Cambridgeshire and Peterborough (£74m), Greater Manchester (£243m), Liverpool City Region (£134m), West of England (£80m), West Midlands (£250m) and Tees Valley (£59m) – enabling them to invest in their transport priorities.

We have already seen the impact of better integrated transport links for both passengers and the local economy in cities like Nottingham and Manchester

“Investment in transport is crucial to a strong and resilient economy,” commented transport secretary Chris Grayling. “We have already seen the impact of better integrated transport links for both passengers and the local economy in cities like Nottingham and Manchester. This new fund will enable more English cities to reap these benefits.”

Despite downgrading forecasts for economic growth, last week’s budget committed £300m for rail connections into HS2, as well as funding for new Tyne & Wear Metro rolling stock, rail and road connections in the Cambridge-Milton Keynes-Oxford corridor and a railcard for 26-30-year olds.

However, campaign group Greener Journeys said chancellor Philip Hammond had continued to pander to motorists with yet another freeze on fuel duty.

 

This article appears in the latest issue of Passenger Transport.

DON’T MISS OUT – GET YOUR COPY! – click here to subscribe!