Transport Finance

Alexander: £4.7bn for local transport is 'fantasy money'

14/02/2025

The transport secretary has described a pledge by the previous government of £4.7bn for transport in north and midlands areas of England as 'fantasy money'.

Government announces £955m for buses next year

18/11/2024

The Department for Transport has announced £955m for bus services next financial year, with a shift in allocations towards more rural authorities.

Haigh: Councils should decide traffic measures

22/08/2024

The transport secretary has pledged to back councils that implement low traffic neighbourhoods and 20mph limits, with the new government ‘absolutely determined’ to end the Tories’ ‘culture wars’ approach.

DfT pledges light touch for transport cash plans

15/05/2024

Councils' plans to spend allocations under the £4.7bn Local Transport Fund will not be subject to much ‘marking’ by central government, a top official has suggested.

DfT trickles out cash for Hammersmith Bridge fix

10/04/2024

The Government has given Hammersmith and Fulham council nearly £3m to provide a new cycle lane on Hammersmith Bridge but funding for a £250m permanent repair appears to have stalled.

£4.7bn local transport cash to support 'smaller cities and towns'

26/02/2024

Local authorities in the North and Midlands have a year to prepare plans for a £4.7bn Local Transport Fund, which is mainly capital funding and can be used for road schemes.

£1bn Tees Valley transport package puts focus on roads

17/01/2024

Tees Valley mayor Ben Houchen has unveiled a £1bn transport package for the region, funded by City Region Sustainable Transport Settlement cash, with the majority set aside for roads.

Active travel funding cut faces court challenge

06/06/2023

Campaigners have threatened ministers with legal action over the decision to slash spending on walking and cycling for the last two years of the current Parliament.

Budget 2023: Hunt sounds the death knell for LEPs

15/03/2023

Chancellor Jeremy Hunt has unveiled a Budget that has sounded the death knell for Local Enterprise Partnerships, but revived the levelling up agenda.

Budget 2023: Hunt to boost mayors' financial autonomy

15/03/2023

Chancellor Jeremy Hunt has announced that the Government will ‘boost mayors’ financial autonomy’ in his Budget.

Hunt stumps up tens of billions for infrastructure

15/03/2023

The chancellor has announced capital funding for infrastructure will be maintained and 'up to' £20bn for carbon capture and storage.

End of EV grant 'could stifle take-up'

15/06/2022

Ministers have announced the end of the plug-in car grant to new orders, which it said was to allow £300m to be refocused towards extending grants for other plug-in vehicles.

Glasgow seeks cash for £475m active travel network

03/03/2022

Glasgow City Council has approved unfunded plans to build a City Network of active travel infrastructure priced at nearly half a billion pounds.

Government criticised for plug-in grant cut

16/12/2021

The Government is facing criticism for its decision to cut the plug-in car and van grant by up to £1,000 and change the eligibility criteria.

TfL warns of bridge and tunnel closures due to funding crisis

24/11/2021

Transport for London (TfL) has warned that London's transport assets, including bridges and tunnels, face closure due to the ongoing multi-billion funding crisis sparked by COVID.

Only politics holds us back on road user charging, MPs told

25/10/2021

The technology exists to deliver any system of road pricing that can be delivered politically, a transport policy expert has told MPs.

Treasury raises tax dilemma of EV take-up

21/10/2021

The biggest impact of the Government’s Net Zero Strategy will be from the loss of tax revenues from fossil fuels, particularly as drivers adopt electric vehicles, the Treasury has said.

£1bn TfL bailout as Khan builds bridges

01/06/2021

The Government and London mayor Sadiq Khan have agreed a new £1.08bn funding package to take Transport for London through to December but ministers have insisted on reforms and savings that Mr Khan has said are unlikely to be deliverable.

NIC calls for 'priority cities' to be given £30bn by 2040

18/02/2021

The Government should identify 'priority cities' and set aside £30bn for a pipeline of infrastructure projects by 2040 as part of an expansion of devolution, the National Infrastructure Commission (NIC) has urged.

Herefordshire ditches £250m road schemes

03/02/2021

Herefordshire County Council has scrapped plans for two major roadbuilding schemes near Hereford, citing the climate emergency and the need to decarbonise transport.

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