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The Chancellor confirmed the Government's continued commitment to transport and infrastructure investment in today's Spring Statement.

Crucially, as part of its review of infrastructure finance, the government has published a consultation on how best to support private investment in infrastructure.

The review will look at the government’s tools for supporting private investment, and how they are delivered, in the context of the UK’s changing relationship with the European Investment Bank. The government is committed to ensuring high levels of private investment continue to flow into UK projects, to help build infrastructure fit for the 21st century.

Other key transport and infrastructure announcements in the Spring Statement were:  

Future of Mobility: Urban Strategy – the government has published a plan setting out its approach to putting the UK at the forefront of mobility, and responding to the significant changes taking place in transport technology. This includes the growth in electric vehicles, the development of self-driving vehicles and advances in data and internet connectivity.

Offsetting Transport Emissions - The Chancellor announced plans to give people the option to travel ‘zero carbon’. The government will publish a call for evidence on Offsetting Transport Emissions to explore consumer understanding of the emissions from their journeys and their options to offset them. This will also look into whether travel providers should be required to offer carbon offsets to their customers

Transforming Cities Fund – the Chancellor committed an additional £60 million investment in 10 selected cities. This will fund 30 new schemes including bus station upgrades, new cycle lanes and road improvements.

National Productivity Investment Fund – the Chancellor reiterated the National Productivity Investment Fund of £37 million is the largest ever investment in UK’s strategic roads. It’s helping develop the biggest ever rail investment programme and aiming to deliver a strategy for a nationwide full fibre network by 2033.

Northern Powerhouse Rail (NPR) - reiterated the government’s commitment to the NPR project and will be considering Transport for the North’s (TfN) business case before the Spending Review.

Local Full Fibre NetworksNine local areas will receive £53 million of funding to enable the next generation of full fibre connections to homes, businesses and key public buildings. This is part of the third wave of the Local Full Fibre Networks Challenge Fund.

Spending Review - The Chancellor also confirmed the Government will hold a spending review which will conclude alongside the Autumn Budget. This will set departmental budgets, including three year budgets for resource spending, if an EU exit deal is agreed. The updated National Infrastructure Strategy will be published alongside the Spending Review.

If you would like more information on any of these announcements or to learn learn more about how JFG Comms can help your organisation with transport and infrastructure issues, check out our work or get in touch