Money from the Transforming Cities Fund has been allocated to combined authorities, and regions across England are invited to bid for the remainder of the £1.7 billion investment.
Announced as part of the Industrial Strategy before Christmas, the Transforming Cities Fund will unlock and upgrade transport links and promote economic growth in the country’s cities.
By supporting ambitious transport projects throughout the country, the funding will help to increase productivity and significantly reduce congestion, with the hope that this will boost the economy by connecting cities and regions for businesses to travel easily from one to the other.
As part of the Spring Statement, the Chancellor of the Exchequer said city regions are invited to bid for funding, which will then see up to 10 city regions in England selected to work alongside the Department of Transport.
This collaboration will help to develop proposals that will result in making improvements to transport links and ensuring they are sustainable. These will help to link commuters to places of employment, which should simultaneously drive up productivity.
Ultimately, the government and DfT want links between city centres and suburban areas to be improved, particularly those where this is a struggle.
Already, £840 million of the £1.7 billion has been allocated to six combined authorities who will deliver schemes that improve journeys on their public transport.
The West Midlands has received the highest amount of funding with £250 million; Greater Manchester has been allocated £243 million; for Liverpool, the figure is £134 million; the West of England will receive £80 million; Cambridge and Peterborough will get £74 million; and £59 million has been allocated to the Tees Valley.
Proposals are now open to those non-mayoral city regions with transport authorities outside London that represent a city region with a workday population of around 200,000.
The calls for proposals to access the Transforming Cities Fund is open now and the deadline is 8th June.