Reeves steers £15bn transport investment to mayors in north with Green Book changes

Peter Stonham
13 June 2025
 

Chancellor Rachel Reeves has put a major focus on investment in transport in the northern and midlands mayoral areas in the DfT’s allocation under her government spending announcement.

Promised changes to the Treasury Green Book investment appraisal rules have been published which should mean the list of individual schemes worth £15.6bn in ten mayoral metropolitan areas will pass the business case and spending approval tests. 

These include the West Yorkshire Light Rail and...

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