The Prime Minister and Department for Transport (DfT) have announced the 10 cities shortlisted to benefit from an £840 million investment to transform and upgrade transport links.
Theresa May claims that these “vital” infrastructure improvements will be felt all over the country, empowering businesses and creating more jobs in the process.
The funding is the next stage of the government’s £1.7 billion Transforming Cities Fund – part of the Industrial Strategy – that will upgrade transport links and also promote local growth in each city.
Bids were invited from city regions as part of the Spring Statement, with 10 cities chosen from these.
The 10 city regions shortlisted are local authorities based on Derby & Nottingham, Leicester City, the North East, Norwich, Plymouth, Portsmouth, Southampton, Sheffield, Stoke-on-Trent, and West Yorkshire – all of these will now bid for a share of the funding.
Mrs May has confirmed that the 10 city regions shortlisted will now receive £50,000 along with bespoke support from the government so that the best case for investment is developed.
Funding decisions will consider the strength of each bid, the impact on connectivity improvements, and how employment and productivity will be supported.
While proposals are finalised, £60 million from the funding will be allocated over the next year to share around transport schemes that will tackle some of the most pressing issues faced by communities.
£840 million has already been allocated to six mayoral combined authorities; this second wave of investment will be used over the next four years to upgrade and improve transport links in city regions, linking travel to work areas, and providing the infrastructure that is necessary for businesses to thrive.
The Prime Minister said: “Our great cities and their suburbs are home to millions of people and world-beating businesses.
“We want to help them succeed, so as part of our modern Industrial Strategy we will fund £840 million of upgrades for better, safer, faster transport links.
“These improvements to vital infrastructure will help spread growth beyond London and empower local businesses to create more, better-paying jobs – opening up more opportunities to help people get on in life and be rewarded for their hard work.”