Local Sustainable Transport Fund

(Limited Text - Ministerial Extracts only)

Wednesday 27th June 2012 Written Statements

[The Parliamentary Under-Secretary of State for Transport (Norman Baker)]

I am pleased to announce today that I am awarding a further £266 million to support authorities in delivering local economic growth while cutting carbon emissions from transport. This funding unlocks further local funding sources to deliver £460 million investment in local sustainable transport schemes.

Today’s announcement is the third and final instalment of the local sustainable transport fund, which is now delivering over £1 billion investment in sustainable travel across England, and demonstrating that economic growth and carbon reduction go hand in hand. To facilitate today’s announcements, I have secured an additional £40 million for the fund, on top of the original £560 million allocation.

On 20 December 2011, the Department received 13 business cases for large projects for the local sustainable transport fund.

I have decided to announce £225 million for 12 large projects today, and I have also reserved up to £5 million funding for a small project from Tyne and Wear ITA, which my officials will progress with officers from Tyne and Wear during the coming weeks. The list of decisions made today regarding large projects is attached.

On 24 February 2012, the Department received 53 small project bids to tranche 2. On 24 May 2012 I announced £113 million to fund 30 small projects, and I am today committing a further £41 million to fund 15 more. The list of decisions made today regarding the remaining tranche 2 bids is also attached.

I am very pleased that every single eligible local authority across England has applied for funding to the local sustainable transport fund, either as a lead bidder, or as a partner authority to a large project. The fund has been well received by local government and I am confident that it will be effective in addressing the two key objectives of creating growth and cutting carbon.

All projects were assessed against published criteria. Successful projects were those judged to perform well against the twin objectives of supporting the local economy and facilitating economic development, while reducing carbon emissions. They also demonstrated potential to deliver wider social and economic benefits, to improve safety, to bring about improvements to air quality, or to promote increased levels of physical activity.

All large projects included a full economic appraisal based on the Department’s WebTAG guidance. The vast majority of funded large projects offer at least high value for money, with several offering very high value for money.