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Transport funding

Devolution of Local Major Schemes Funding: Indicative Funding Levels Published

30 January 2013

On Wednesday 23rd January 2013 the DfT published indicative funding levels for Local Transport Bodies taking and confirmed the geographical areas for these bodies. Funding totals £1.1 billion for the Spending Period 2015 to 2019. Around one third of the funding is going to areas receiving £40m or move with another third to areas receiving less than £25m over the four year period.

Indicative Funding Levels

Devolution of Local Major Scheme Funding

14 November 2012

In January 2012 the Department for Transport (DfT) started its consultation on the devolution of major scheme funding. Devolution means that new Local Transport Bodies (LTBs) will decide on what major transport schemes they want to invest in – given the pot of money available to them. In September, the Department set out its recommendations, the next steps in the process and a programme to 2015, after which funding decisions will be made by Local Transport Bodies. In October, Authorities confirmed with the DfT their geographic boundaries for their new LTB.

Cycling in LSTF bids

31 May 2012

With nearly all first round Local Sustainable Transport Fund (LSTF) applications containing measures to increase cycling, here we concentrate on two wheels and getting the most from network development, cycle hire, training; and journey planning.

While  nearly all of the LSTF grants contain something about cycling, recent experience from Key Component and Tranche 1 schemes shows that what was bid for might not be exactly what is implemented.

Steer Davies Gleave helps secure £1 billion of transport investment

15 December 2011

As part of the £5 billion National Infrastructure Plan, and subsequent announcements by the UK’s Department for Transport this month, funding has been approved for a package of transport schemes. Steer Davies Gleave is pleased to have provided support to promoters of nine of these:

A mountain to climb

15 November 2011

As the biggest funding shortage the transport sector has seen in recent history looms over us, Steer Davies Gleave takes a closer look at how we can help fill the gap.

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