The Government has announced the creation of the £1.7 billion Transforming Cities Fund with the aim of driving up productivity and spreading prosperity through investment in public and sustainable transport in some of the largest English city regions. The fund will be focused on intra-city connectivity, making it quicker and easier for people to get around and access jobs in some of England’s biggest cities.
Some of the funding has already been allocated to mayoral combined authorities, the remaining funding, £840 million over a four year period will be allocated by a competitive process to the city regions with the strongest case for investment.
The Government is seeking to make a small number (expected to be 10) of large investments to drive up connectivity to centres of employment. The first stage of the competition is seeking evidence of the case for investment, wider fit with other stakeholders and investment pots and the ambition of a city to improve certain routes. The Department for Transport will work with shortlisted city regions to develop packages of schemes which respond to and address their identified challenges.
The deadline for submission of the bid is Friday 8th June.
A date for announcing the successful bidders has not been set but is expected to be later in the year.
The Hull and Humber City Region bid, led by Hull City Council can be viewed here.