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Councils battle it out for share of DfT’s local majors funding

FUNDING

Andrew Forster
10 November 2017
 

Many local authorities could lose out in the competition for what remains of the DfT’s £475m Large Local Major Transport Schemes Fund, with bids likely to far exceed available resources.

The fund was announced in the 2016 Budget, with £475m available between 2016/17 and 2020/21. Over half the funding has already been awarded, however, with only about £213m still to be awarded.

Announcing the new fund in March 2016, the then Chancellor George Osborne immediately awarded...

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