National Roads Fund – The government is delivering its commitment
to hypothecate English Vehicle Excise Duty to roads spending,
announcing that the National Roads Fund will be
£28.8 billion between 2020-25. The Fund will provide
long-term certainty for roads investment, including the new major
roads network and large local major roads schemes, such as the
North Devon Link Road.
Roads Investment Strategy 2 – The Budget is announcing the draft
Roads Investment Strategy 2. This is the largest ever investment
in England’s strategic roads and will enable the government to
build on the successes of Roads Investment Strategy 1, such as
the A1(M) link to Newcastle, and progress transformative projects
like the A66 Trans-Pennine, the Oxford‑Cambridge Expressway,
and the Lower Thames Crossing. The government expects to spend
£25.3 billion on this strategy, funded by the National Roads
Fund, between 2020-25.
Local roads – The government will allocate £420 million to local
authorities in 2018‑19 to tackle potholes, repair damaged
roads, and invest in keeping bridges open and safe. To support
projects across England that ease congestion on local routes, the
government will also make £150 million of NPIF funding
available to local authorities for small improvement projects
such as roundabouts. (4)
Transforming Cities Fund extension – As part of
the NPIF, the
government is extending the Transforming Cities Fund by a year to
2022-23. This will provide an extra £240 million to the six metro
mayors for significant transport investment in their areas:
£21 million for Cambridgeshire and Peterborough, £69.5
million for Greater Manchester, £38.5 million for Liverpool
City Region, £23 million for West of England, £71.5 million for
the West Midlands, and £16.5 million for Tees Valley. In
addition, a further £440 million will be made available to the
city regions shortlisted for competitive funding. Ten city
regions are eligible for this funding, and the government will
shortly be announcing a further two.
Transforming Cities Fund: Future Mobility Zones – To support the
Industrial Strategy Future of Mobility Grand Challenge, £90
million from the NPIF will be
allocated to the Transforming Cities Fund to create Future
Mobility Zones. This will trial new transport modes, services,
and digital payments and ticketing. £20 million of this will be
allocated to the West Midlands.
