Devolution of Local Major Schemes Funding: Indicative Funding Levels Published

On Wednesday 23rd January 2013 the DfT published indicative funding levels for Local Transport Bodies taking and confirmed the geographical areas for these bodies. Funding totals £1.1 billion for the Spending Period 2015 to 2019. Around one third of the funding is going to areas receiving £40m or move with another third to areas receiving less than £25m over the four year period.

Included in the list were allocations for the four areas who have negotiated 10-year funding allocations through their City Deals. This totals a further £577 million.